Arbitrum’s ARB Jumps Following Inclusion in PayPal’s $850M PYUSD Stablecoin Network

Arbitrum’s ARB Token Gains Amid PayPal Listing for $850M PYUSD Stablecoin

Arbitrum’s native token, ARB, surged on Wednesday following speculation that PayPal’s U.S. dollar stablecoin, PYUSD, could soon launch on the Ethereum scaling network.

PayPal updated its cryptocurrency terms and conditions page to include Arbitrum as a supported blockchain for PYUSD, alongside Ethereum and Solana — the two networks where the stablecoin is already active.

According to the page, “PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks.”

Over the past 24 hours, ARB climbed 7.7%, outperforming both Bitcoin (BTC) and Ethereum (ETH) in the same timeframe.

Requests for comment from PayPal and Paxos representatives were made, but no official announcements have yet been issued regarding the expansion.

Interestingly, the Stellar (XLM) blockchain — recently announced by PayPal as another platform for PYUSD — was not mentioned in the updated terms.

Meanwhile, digital trading platform Robinhood has also chosen Arbitrum as its blockchain partner to launch tokenized equity offerings, further boosting interest in the network.

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