PayPal and Anchorage Digital are launching a new stablecoin rewards program specifically for institutional investors. The program, announced on August 22, will provide proceeds for PayPal USD (PYUSD) tokens held in Anchorage Digital's custody solution. The program is specifically tailored for institutional clients and allows them to earn from PYUSD tokens stored in Anchorage's custody, including its self-custody wallet, Porto. The plan prioritizes security, keeping stablecoins in on-chain accounts. Neither PayPal nor Anchorage will re-pledge or lend assets to create rewards.