#ARB EXPLODE! #Arbitrum joins the league of #PayPal
$850 million PYUSD lands in layer 2 of #Ethereum and unleashes a new Mega-Rally?
The ARB token of Arbitrum has experienced a notable rebound this Wednesday, driven by intense speculation that the Ethereum scaling network could be the next destination for the implementation of PayPal's US dollar stablecoin, PYUSD.
Confirmation of this speculation came when the Arbitrum network was recently added to PayPal's cryptocurrency terms and conditions webpage as a chain compatible with PYUSD. This places Arbitrum on the same level as Ethereum and #solana , where PayPal's stablecoin is already active and operating.
"PYUSD is issued by Paxos, not PayPal, on each of the cryptocurrency networks Ethereum, Solana, and Arbitrum," reads the page.