Arbitrum's ARB Surges After Appearing Among Supported Chains for PayPal's $850M PYUSD Stablecoin
2025-07-16 14:10:50
Main Idea
Arbitrum's ARB token surged 7.7% in 24 hours after PayPal listed it as a supported chain for its PYUSD stablecoin, alongside Ethereum and Solana.
Key Points
1. ARB's value rose 7.7% in 24 hours, outperforming BTC and ETH.
2. PayPal's cryptocurrency terms listed Arbitrum as a supported chain for PYUSD, alongside Ethereum and Solana.
3. PYUSD is issued by Paxos on Ethereum, Solana, and Arbitrum networks.
4. Robinhood also selected Arbitrum for its tokenized equity offering.
Description
Ethereum scaling network Arbitrum's token ARB is gaining on Thursday as speculation swirled that the network could be next where PayPal's U.S. dollar stablecoin PYUSD will be deployed. The network was recently added to PayPal's cryptocurrency terms and conditions webpage as a supported chain for PYUSD, alongside Ethereum and Solana SOL where the token is already live. "PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks," the page reads. AR...
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