PayPal is moving its stablecoin, PYUSD, to a new network—Arbitrum. This could help people use it faster and with lower fees.
WatcherGuru tweeted, “JUST IN: PayPal to expand its PYUSD stablecoin to Arbitrum blockchain.” This means PayPal’s digital dollar coin (called PYUSD) will now work on Arbitrum too. In simple terms, PayPal added Arbitrum as another blockchain where its $1 stablecoin is supported.
PYUSD launched in August 2023 as PayPal’s own dollar-backed coin. It acts like a digital version of the US dollar in PayPal’s system. Users can send and spend PYUSD online. Before this news, PYUSD could only be used on Ethereum and Solana blockchains. Now PayPal’s latest update lists Arbitrum as a supported network for PYUSD, too. This lets people use the coin in a new place.
Arbitrum is a special part of Ethereum designed to make transactions faster and cheaper. It is called a “layer-2” network that can cut fees and speed up transfers. So putting PYUSD on Arbitrum means using the coin can be quicker and cost less. The change was spotted in PayPal’s updated crypto terms, but PayPal hasn’t made a big public announcement yet. It’s like giving PYUSD a new, faster road to travel on.
Conclusion:
In short, PayPal’s digital dollar can now live on one more blockchain. This could help more people use PYUSD easily and cheaply. We’ll wait to see when PayPal officially announces the move, but for now the news is out there.
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