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Paypal plans to expand PYUSD stablecoin to Arbitrum chain

Summary: According to reports, Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain based on the latest terms of service. PYUSD, issued by Paxos, is pegged to the US dollar and fully backed by USD deposits, US Treasury bonds, and repurchase agreements. PayPal has also introduced a PYUSD reward program, allowing eligible users to ...

According to reports, Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain based on the latest terms of service. PYUSD, issued by Paxos, is pegged to the US dollar and fully backed by USD deposits, US Treasury bonds, and repurchase agreements. PayPal has also introduced a PYUSD reward program, allowing eligible users to earn rewards based on their holdings.

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