PayPal supports PYUSD currency 🚀
It updated its cryptocurrency terms of service on July 16, 2025, officially confirming the issuance and use of the PYUSD stablecoin now on the Arbitrum network. 🗓️
Paxos issues the PYUSD, fully backed by US dollars, US Treasury bonds, and other high-liquidity assets as reserves, at a fixed price of $1. 💰
PayPal clarified that the issuance of the currency is still done through Paxos, but it is now available on the Arbitrum network, known for its transaction speed and low fees thanks to its operation as a second layer on the Ethereum network. ⚡
Source: PayPal. ✅