PANews reported on October 25 that according to the official announcement, Fireblocks and Paxos have launched a $1 million stablecoin bonus program to promote the widespread use of PayPal USD (PYUSD). The program offers a maximum of $60,000 in rewards to companies that hold PYUSD balances using the Fireblocks platform, and encourages innovators to develop PYUSD-based blockchain products through wallet fee rebates.

Previously, Fireblocks has successfully piloted the project and worked with KoraPay and Bridge to develop use cases such as digital payments. This program will be officially opened to a wider range of industries, encouraging companies to create practical application scenarios using the trust and flexibility of PYUSD.