PayPal expands the application scenarios of the stablecoin PYUSD to provide funding support for AI development

According to Cryptopolitan, payment giant PayPal has announced that its stablecoin PYUSD will collaborate with the Web3 protocol USD.AI to provide funding support for artificial intelligence (AI) companies. USD.AI will utilize PYUSD to offer credit and financing services related to GPUs and data centers for AI companies.

The two parties intend to combine commonly used payment frameworks with programmable settlements to facilitate long-term credit, leasing, and upcoming agent-driven transactions. The two companies have also committed to offering a 4.5% interest rate on deposits totaling up to $1 billion as part of a customer incentive program to attract more clients. This incentive program will launch in early January and last for one year.