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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain.
According to BlockBeats news on July 16, based on the recently published service terms for the PYUSD stablecoin, PayPal plans to expand the PYUSD stablecoin to the Arbitrum chain. PYUSD is issued by Paxos, fixed at a price of 1 USD, fully backed by USD deposits, U.S. Treasuries, and U.S. Treasury repurchase agreements. PayPal also launched the PYUSD rewards program, allowing eligible users to earn rewards based on their holdings.