Paypal plans to expand PYUSD stablecoin to the Arbitrum network
According to a report by Jinse Finance, the latest PYUSD stablecoin service terms reveal that PayPal plans to expand the PYUSD stablecoin to the Arbitrum network. Issued by Paxos, PYUSD is pegged to the US dollar at a 1:1 ratio and is fully backed by US dollar deposits, US Treasury bonds, and US Treasury repurchase agreements. PayPal has also launched a PYUSD rewards program, allowing eligible users to earn returns based on their holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ETHZilla reaches OTC deal with Cumberland, secures up to $80 million in financing for stock buyback
Kazakhstan President Proposes Establishment of National Digital Asset Fund
CoinShares plans to go public in the US and aims to raise approximately $50 million.
Trending news
MoreCrypto prices
More
