According to Techub News, PayPal has updated its cryptocurrency service terms, adding the expansion of the PYUSD stablecoin to the Arbitrum chain. PYUSD is issued by Paxos, pegged to 1 USD, and fully backed by USD deposits, U.S. Treasury securities, and U.S. Treasury repurchase agreements. PayPal will also launch a PYUSD rewards program that allows eligible users to earn rewards based on their holdings.

PYUSD0.07%
ARB-1.63%
USDP-0.01%
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