PayPal Supports PYUSD on Arbitrum, Ethereum, and Solana Networks

PayPal updated its cryptocurrency service terms on July 16, 2025, explicitly supporting the issuance and use of $PYUSD stablecoins on the Arbitrum network. $PYUSD is issued by Paxos and is fully backed by U.S. dollars, U.S. Treasury bonds and other highly liquid assets as reserves, with a fixed price of $1. Users can buy, sell, convert or send $PYUSD through the PayPal Cryptocurrency Center, but they need to choose the correct supported blockchain network (including Arbitrum, Ethereum and Solana). [PANews]