Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain.
BlockBeats news, on July 16, according to the latest announced terms of service for the PYUSD stablecoin, Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain. PYUSD is issued by Paxos, pegged at 1 USD, and fully backed by USD deposits, US Treasury securities, and US Treasury repurchase agreements. PayPal also launched the PYUSD rewards program, allowing eligible users to earn rewards based on their holdings.