Expansion of PYUSD To Arbitrum Strengthens PayPal’s Position In The Stablecoin Race

PayPal has expanded its USD-pegged stablecoin, PYUSD, to the Arbitrum blockchain, marking its first integration with an Ethereum Layer-2 network. Previously available on Ethereum (since August 2023) and Solana (since May 2024), PYUSD now leverages Arbitrum’s optimistic rollup technology for faster transactions and lower fees. This move aligns with PayPal’s goal to enhance digital payment [...]The post Expansion of PYUSD To Arbitrum Strengthens PayPal’s Position In The Stablecoin Race appeared first on Tekedia.

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