Share this article
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.
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 (ARB) 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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
