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]