Arbitrum quietly joins PYUSD’s growing network list
PayPal appears to have added support for the Arbitrum blockchain for its PYUSD stablecoin, expanding the digital currency’s availability beyond Ethereum and Solana. The update was spotted in PayPal’s revised cryptocurrency terms and conditions, dated July 16.
The revised section now reads: “PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks.” Arbitrum was not listed in the prior version of the page, archived on July 11, according to the Wayback Machine. The “Transaction Limits” section has also been updated to reflect PYUSD support on Arbitrum.
As of now, PayPal has not made a public announcement regarding this expansion.
PYUSD launched to power digital payments
The PayPal USD (PYUSD) stablecoin was first launched in August 2023 on the Ethereum network. Issued by Paxos and fully backed by U.S. dollar deposits, short-term Treasuries, and similar cash equivalents, PYUSD was created to offer a stable, crypto-native digital currency for payments.
At the time of launch, PayPal CEO Dan Schulman stated: “The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.”
Solana and now Arbitrum to boost scalability
In May 2024, PYUSD expanded to the Solana blockchain, enhancing the stablecoin’s speed and cost-efficiency. This move aligned with PayPal’s broader goal of making PYUSD a commerce-ready stablecoin across scalable blockchain networks.
The latest addition of Arbitrum, a prominent Ethereum Layer 2 network known for lower fees and faster transactions, signals further commitment to blockchain scalability. Paxos, the issuer of PYUSD, had already announced its own expansion to Arbitrum in September 2024, aiming to bring its tokenization platform to the network.
Why this matters for crypto users
By supporting PYUSD across Ethereum, Solana, and now Arbitrum, PayPal continues to position itself as a major player in the evolving stablecoin ecosystem. The expansion to Arbitrum could attract more crypto-native users and developers seeking low-cost, fast settlement options for payments and DeFi applications.
As stablecoins gain more real-world traction, cross-network support will be key to broad adoption—and PayPal seems to be quietly building that bridge.
