PayPal supports PYUSD on Arbitrum, Ethereum, and Solana networks

PayPal updated its cryptocurrency terms of service on July 16, 2025, explicitly supporting the issuance and use of the $PYUSD stablecoin 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 must select the correct supported blockchain network (including Arbitrum, Ethereum, and Solana). [Odaily Planet Daily]