PayPal Eyes PYUSD Expansion to Arbitrum Network

PayPal, a global payment company, is preparing to launch its U.S. dollar-pegged stablecoin, PYUSD, on the Arbitrum network. This expansion move was hinted at in the company’s updated cryptocurrency terms and services, published on July 16, 2025. Although the move has not officially launched, it shows PayPal’s strong interest in growing PYUSD. The company wants to expand its use beyond just the Ethereum and Solana networks. PYUSD to Launch on Arbitrum for Faster, Cheaper Digital Payments PayPal’s PYUSD is issued by Paxos Trust Company, a regulated financial institution overseen by the New York State Department of Financial Services (NYDFS). A mix of U.S. dollar deposits, Treasury bonds, and Treasury repurchase agreements backs each PYUSD token. This mix of assets helps ensure that the digital token maintains a stable value in relation to the dollar. Arbitrum, an Ethereum-based Layer 2 network, helps reduce transaction fees and speeds up blockchain processes. This benefit has attracted developers and users building decentralized apps (dApps) in the decentralized finance (DeFi) space. PayPal’s launch of PYUSD on Arbitrum aims to make stable digital payments more accessible and straightforward for users. It also suggests that PayPal considers stablecoins a vital component of the future of finance. As stablecoins become more prevalent in both cryptocurrency and traditional finance, PayPal continues to expand PYUSD across faster and more efficient networks. PayPal’s PYUSD Expands Across Multiple Blockchains This is not PayPal’s first foray into blockchain expansion with its stablecoin, PYUSD. Since its initial launch on the Ethereum network, PayPal has steadily broadened its reach. In May 2024, the company rolled out PYUSD on the Solana network. Months later, PYUSD got integrated with LayerZero’s cross-blockchain bridging protocol. This development allows PYUSD holders to transfer assets between the Ethereum and Solana blockchains seamlessly. In June 2025, PayPal also introduced PYUSD to the Stellar (XLM) blockchain , and now, it is planning to roll out the stablecoin on Arbitrum. This cross-chain support enables PayPal customers to experience faster speeds, lower fees, and increased access to apps and services across the web3 ecosystem. PYUSD Sees Support from Major Platform The stablecoin was designed to facilitate payments, transfers, and purchases within PayPal and Venmo. Since its launch, it has gained traction within the financial sector and has seen support from major cryptocurrency platforms, including Moonpay. Additionally, US-licensed global digital bank FinTech Ventures ( FV Bank) has recently added PYUSD to its stablecoin services . As of July 2025, PYUSD has a market capitalization of around $844 million, according to CoinGecko. Meanwhile, PYUSD is not just limited to PayPal and Venmo, and it is rapidly expanding its presence across various facets of the digital finance world. The post PayPal Eyes PYUSD Expansion to Arbitrum Network appeared first on TheCoinrise.com .

Source: The Coin Rise