PayPal’s PYUSD Stablecoin Expands to Arbitrum—Joining Ethereum and Solana in Multi-Chain Domination

PayPal just dropped a blockchain bombshell: its PYUSD stablecoin is now live on Arbitrum, adding another heavyweight layer-2 to its arsenal alongside Ethereum and Solana.

Why it matters: This isn’t just another chain integration—it’s a strategic land grab for institutional liquidity. PayPal’s playing chess while other stablecoins stick to checkers.

The multi-chain endgame: With PYUSD now spanning Ethereum’s security, Solana’s speed, and Arbitrum’s low fees, PayPal’s stitching together the ultimate DeFi frankenstein. TradFi banks, meanwhile, are still figuring out how to spell ‘wallet.’

Watch the dominos fall: As PYUSD gobbles up market share, expect more chains to beg for integration—because nothing screams legitimacy like a corporate stablecoin propping up ‘decentralized’ finance.

The conditions also noted that the PYUSD is issued by Paxos following Paxos’ terms, not PayPal’s. The platform reserves the right to end support for PYUSD without notice. If that happens, users must sell or transfer their holdings externally.

Arbitrum’s partnership with PayPal follows Paxos’ network expansion in 2024. This collaboration boosts the usability of PYUSD, making transactions faster and more affordable. PayPal continues to be committed to its stablecoin strategy, having launched PYUSD on ethereum back in August 2023 and then expanding to Solana in May 2024.

Also Read: Citigroup Considers Issuing Stablecoin as Q2 Revenue Grows