ARB gains 10% as PayPal taps the Arbitrum blockchain for its PYUSD stablecoin
2025-07-16 10:42:40
Main Idea
PayPal's announcement to expand its PYUSD stablecoin to the Arbitrum network caused ARB's price to surge by 10%, reflecting optimism about deeper integration between traditional finance and blockchain.
Key Points
1. PayPal plans to launch its PYUSD stablecoin on the Arbitrum ecosystem, leading to a 10% price increase for ARB.
2. ARB's price jumped from $0.3982 to $0.4422 following the announcement, with a 60% increase in daily trading volume.
3. PYUSD, initially launched in 2023, has expanded to Solana and Stellar, and now targets Arbitrum for its speed and scalability.
4. PayPal aims to enable seamless on-chain transactions for PYUSD across DeFi, NFT marketplaces, and global payment channels with low fees.
5. Arbitrum's Trailblazer 2.0 update supports DeFi agents, making it an attractive choice for PayPal's integration to bypass Ethereum's high gas fees and slower speeds.
Description
The digital currencies market remained elevated on Wednesday as Bitcoin steadied above $118,000 . While altcoins turn bullish, Arbitrum’s ARB soared 10% in its daily chart, fueled by a crucial announcement. Notably, PayPal plans to expand its stablecoin PYUSD to the Arbitrum network. Crypto India @CryptooIndia · Follow JUST IN: Paypal to expand its PYUSD stablecoin on Arbitrum network. 11:19 AM · Jul 16, 2025 145 Reply Copy link Read 10 replies The development has stirred the crypto community as...
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