PayPal Updates Cryptocurrency Terms, PYUSD Stablecoin Plan to Expand to Arbitrum Chain
July 16 (UTC+8), July 16, according to the official announcement, PayPal will update the cryptocurrency service agreement on July 16, 2025. The most significant change is that the $PYUSD stablecoin will expand support to the Arbitrum blockchain network. According to the new terms, $PYUSD now runs on the Ethereum, Solana, and Arbitrum blockchains, and users can choose any network to send and receive PYUSD. The stablecoin is issued by Paxos, with a fixed price of $1.00, and is fully backed by U.S. dollar deposits, U.S. Treasury bonds, and U.S. Treasury repurchase agreements. PayPal has also launched a $PYUSD rewards program, allowing eligible users to earn rewards based on their holdings. [MetaEra]
PayPal Updates Cryptocurrency Terms, PYUSD Stablecoin Plan to Expand to Arbitrum Chain
July 16 (UTC+8), July 16, according to the official announcement, PayPal will update the cryptocurrency service agreement on July 16, 2025. The most significant change is that the PYUSD stablecoin will expand support to the Arbitrum blockchain network. According to the new terms, PYUSD now runs on the Ethereum, Solana, and Arbitrum blockchains, and users can choose any network to send and receive PYUSD. The stablecoin is issued by Paxos, with a fixed price of $1.00, and is fully backed by U.S. dollar deposits, U.S. Treasury bonds, and U.S. Treasury repurchase agreements. PayPal has also launched a PYUSD rewards program, allowing eligible users to earn rewards based on their holdings. [MetaEra]
