PayPal Updates Cryptocurrency Terms, PYUSD Stablecoin Expands to Arbitrum Chain

On July 16, according to the official announcement, PayPal will update its cryptocurrency service terms on July 16, 2025. The most significant change is that the $PYUSD stablecoin will be expanded to support the Arbitrum blockchain network. According to the new terms, $PYUSD now runs on the Ethereum, Solana, and Arbitrum three major blockchains, and users can choose any network to send and receive PYUSD. The stablecoin is issued by Paxos, with its price fixed at $1, 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. [TechFlow]