According to the latest published PYUSD stablecoin terms of service, Paypal plans to add the PYUSD stablecoin to the Arbitrum chain (previously launched on the Ethereum and Solana networks). PYUSD is issued by Paxos, with its price fixed at $1.00, and is fully backed by U.S. dollar deposits, U.S. Treasury bonds, and U.S. Treasury repurchase agreements. PayPal is also launching a PYUSD rewards program that allows eligible users to earn rewards based on their holdings. [ChainCatcher]