Payment Giant PayPal Announces Its Own Stablecoin PYUSD Will Be Supported on Another Network! Here Are the Details

PayPal has officially announced that its US dollar-pegged cryptocurrency, $PYUSD, is now supported on the Arbitrum network. This information was included in the payments giant's terms of service, which were updated on July 16, 2025. PayPal Extends $PYUSD Stablecoin to Arbitrum Network According to the terms and conditions: "$PYUSD, one of the crypto assets supported by PayPal, is issued by Paxos on the Ethereum, Solana, and Arbitrum blockchains." This statement was not included in the previous version dated July 11, 2025. With the addition of Arbitrum, $PYUSD will now be active on three different networks, following Ethereum and Solana. The updated terms also include new sections regarding $PYUSD's trading limits on Arbitrum. PayPal USD ($PYUSD) was initially launched on Ethereum in August 2023. Fully backed by the US dollar, short-term treasury bills, and similar high-liquidity assets, this stablecoin aims to provide price stability in digital payments. CEO Dan Schulman stated at the time of launch that $PYUSD was designed as a stable instrument that would bridge the gap between digital and fiat currencies. Having expanded to the Solana network in May 2024, $PYUSD has now completed its integration with second-layer solutions that offer lower transaction fees and high scalability with Arbitrum support. Paxos, the issuer of $PYUSD, had planned to launch on the Arbitrum network and bring its own tokenization platform to this ecosystem in September 2024. As the next step in this integration, the launch of $PYUSD on Arbitrum is seen as a significant milestone in the development of digital finance infrastructure. This move by PayPal is considered an indicator of increasing competition and institutional adoption in the stablecoin space. *This is not investment advice.