CoinVoice has recently learned that according to the latest published terms of service for the PYUSD stablecoin, PayPal plans to expand the PYUSD stablecoin to the Arbitrum chain (which has previously launched on the Ethereum and Solana networks).

PYUSD is issued by Paxos, pegged to 1 dollar, and is fully backed by dollar deposits, U.S. Treasury securities, and U.S. Treasury repurchase agreements. PayPal also launched the PYUSD rewards program, allowing eligible users to earn rewards based on their holdings. [Original link]