PayPal appears to be expanding the reach of its U.S. dollar-pegged stablecoin, PYUSD, to the Arbitrum network, according to updated terms of service published on July 16.
The update now lists Ethereum, Solana, and Arbitrum as supported chains for PYUSD, a notable change from a previous version archived on July 11 that omitted Arbitrum entirely.
Although no official announcement has been made, the updated terms also reflect new transaction limits for PYUSD on Arbitrum.
The stablecoin, issued by Paxos and launched in August 2023, was initially available only on Ethereum. It later expanded to Solana in May 2024, as part of PayPal’s broader strategy to enable low-cost, fast settlement digital payments.
Paxos itself integrated with Arbitrum in September 2024, signaling plans to bring its tokenization infrastructure to Layer 2 ecosystems.
The latest move further positions PYUSD as a cross-chain stablecoin for mainstream commerce—without fanfare.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/paypals-stablecoin-now-live-on-arbitrum-per-updated-terms/