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Arbitrum's ARB Surges After Appearing Among Supported Chains for PayPal's $850M PYUSD Stablecoin
PayPal's cryptocurrency terms listed the network as a supported chain for its Paxos-issued stablecoin, despite any deal not being officially announced.
Updated Jul 16, 2025, 2:45 p.m. Published Jul 16, 2025, 1:16 p.m.
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What to know:
- Arbitrum's token ARB is gaining as speculation swirled that it may soon support PayPal's stablecoin PYUSD.
- PayPal's terms now list Arbitrum as a supported chain for PYUSD, alongside Ethereum and Solana where the token is live.
- ARB's value rose 7.7% in 24 hours, outperforming BTC and ETH.
Ethereum scaling network Arbitrum's token is gaining on Wednesday as speculation swirled that the network could be next where PayPal's U.S. dollar stablecoin (PYUSD) will be deployed.
The network was recently added to PayPal's cryptocurrency terms and conditions webpage as a supported chain for PYUSD, alongside Ethereum and Solana where the token is already live.
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"PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks," the page reads.
ARB was up 7.7% over the past 24 hours, outpacing bitcoin's and ETH's gains during the same period.
CoinDesk asked PayPal and Paxos representatives for comment. Notably, the Stellar blockchain, which PayPal announced last month to be added for PYUSD, was not mentioned in the terms.
Digital trading platform Robinhood also picked Arbitrum to develop and roll out its tokenized equity offering.
