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PayPal expands the use case of stablecoin PYUSD to provide funding support for AI development
PANews December 19 News, according to Cryptopolitan, the payments giant PayPal announced that its stablecoin PYUSD will collaborate with Web3 protocol USD.AI to provide funding support for artificial intelligence (AI) companies. At that time, USD.AI will use PYUSD to offer credit and financing services for GPU and data center needs to AI companies. The two companies plan to combine common payment frameworks with programmable settlement to promote long-term credit, leasing, and upcoming agent-driven transactions. Both companies also pledged that as part of their customer incentive program, they will offer a 4.5% interest rate on deposits totaling up to $1 billion to attract more customers. This incentive program will launch in early January and last for one year.