PayPal has updated its terms of service for its PYUSD stablecoin, now supporting Arbitrum, marking a significant change in the use of this coin.
Update on PYUSD Terms
Recently updated terms for PYUSD from PayPal now include support for Ethereum, Solana, and Arbitrum. This change is significantly different from the previous version archived on July 11, which excluded Arbitrum entirely. Although PayPal has not made any official announcements about this, the updated terms also reflected new transaction limits for PYUSD on Arbitrum.
History of PYUSD and Its Integration
The PYUSD stablecoin, issued by Paxos and launched in August 2023, was initially available only on Ethereum. In May 2024, it expanded its presence by adding support for Solana as part of PayPal’s broader strategy to accelerate and reduce costs of digital payments.
Future Prospects for PYUSD
PayPal’s recent decision further strengthens PYUSD's position as a cross-chain stablecoin for mainstream commerce. It also confirms Paxos' commitment to integrating with Arbitrum in September 2024, indicating plans to expand tokenization infrastructure into Layer 2 ecosystems.
Thus, the expansion of PYUSD support to Arbitrum highlights the trend towards adapting stablecoins for optimizing digital payments, opening up new opportunities for users.
