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Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain

By: theblockbeats.news|2025/07/16 08:01:39

BlockBeats News, July 16th, according to the latest released PYUSD stablecoin terms of service, Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain (previously launched on the Ethereum and Solana networks).

PYUSD, issued by Paxos, has a fixed price of 1 US dollar, fully backed by US dollar deposits, US Treasury bonds, and US Treasury repurchase agreements. PayPal is also introducing a PYUSD reward program, allowing eligible users to earn rewards based on their holdings.

U.S. Commerce Secretary's Son-Led Cantor Fitzgerald to Sign ~$4 Billion Bitcoin Acquisition Deal with Blockstream Capital Founder

The head of the Healthcare Security Division of South Korea's National Health Insurance Service, responsible for national health insurance, embezzled 4.6 billion South Korean won of public funds and nearly depleted it through involvement in cryptocurrency