Скачать или смотреть Arbitrum's ARB Surges After Appearing Among Supported Chains for PayPal's $850M PYUSD Stablecoin

PayPal's cryptocurrency terms listed the network as a supported chain for its Paxos-issued stablecoin, despite any deal not being officially announced.
Ethereum scaling network Arbitrum's token (ARB) is gaining on Wednesday as speculation swirled that the network could be next where PayPal's U.S. dollar stablecoin (PYUSD) will be deployed.
The network was recently added to PayPal's cryptocurrency terms and conditions webpage as a supported chain for PYUSD, alongside Ethereum and Solana SOL$181.49 where the token is already live.
"PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks," the page reads.
ARB was up 7.7% over the past 24 hours, outpacing bitcoin's (BTC) and ETH's gains during the same period.
CoinDesk asked PayPal and Paxos representatives for comment. Notably, the Stellar XLM$0.4956 blockchain, which PayPal announced last month to be added for PYUSD, was not mentioned in the terms.
Digital trading platform Robinhood also picked Arbitrum to develop and roll out its tokenized equity offering.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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