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They’re Still Falling for It: Anchorage Digital Unleashes New ‘Opportunity’ to Watch Your Money Disappear With PayPal Stablecoin Yield!

A cartoon illustration of a person holding onto a parachute that's slowly losing air as they plummet towards the ground below. The sky is filled with falling coins and dollar signs, while a few stablecoins (represented by small blocks) float away from them.

You’d think that by now, the crypto bros would’ve learned not to throw good money after bad, but nope! They’re still lining up like lemmings for more ‘opportunities’ on their precious custody platforms. This time it’s Anchorage Digital and PayPal stablecoin yield – because what could possibly go wrong with a rewards program that just happens to be attached to a highly speculative asset? It’s not like they’ll lose all their money or anything (oh wait, they probably will). Meanwhile, the smart folks over at r/buttcoin are still laughing it up about how crypto is essentially just numbers on a computer created from nothing. Good times!.

Source: cointelegraph

Anchorage Digital has launched a rewards program for clients who custody PayPal USD stablecoins with the crypto custodian, according to an Aug. 22 announcement. The program is the first of its kind at Anchorage Digital and applies to clients who custody PayPal USD (PYUSD) with Anchorage Digital or with its institutional self-custody wallet, Porto.  “PYUSD remains fully accessible and segregated in participants’ accounts on-chain for quick deployment,” according to the […]

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