PayPal is experimenting with new incentives like rewards to boost consumer engagement with stablecoins in the U.S.
Users mainly use PayPal's stablecoin for international money transfers, benefitting from a faster and cheaper alternative to traditional remittance methods.
PayPal's focus on cross-border payments with stablecoins could pave the way for wider adoption, particularly as regulatory clarity improves.
With the recent Genius Act in the U.S. Senate potentially accelerating stablecoin usage, PayPal is positioned to capitalize on its early entry into the stablecoin market.