PayPal Updates Cryptocurrency Terms of Service, New Terms Indicate Paypal Plans to Expand PYUSD Stablecoin to Arbitrum Chain. The PYUSD stablecoin is now issued by Paxos (rather than PayPal) on Ethereum, Solana, and Arbitrum, and is fully backed by U.S. dollar deposits, U.S. Treasury bonds, and U.S. Treasury repurchase agreements. [Wu Blockchain]