Ethereum Scaling Network Arbitrum’s Token {{arb}} on Thursday speculated that if PayPal’s US dollar Stablecoin {{pyusd}} is deployed, the network could be deployed next.
The network was recently added to Ethereum and Solana as a support chain for Pyusd on PayPal’s cryptocurrency terms webpage.
The page says “PYUSD is issued by Paxos, not PayPal, and on Ethereum, Solana, and Arbitrum Cryptocurrency Networks, respectively.”
ARB has increased 7.7% over the last 24 hours, surpassing Bitcoin’s {{BTC}} and ETH profits over the same period.
Coindesk has requested comment from PayPal and Paxos representatives. In particular,
The blockchain that PayPal announced last month would be adding for PYUSD was not mentioned in terms of terms.
Digital trading platform Robinhood has chosen Arbitrum to develop and deploy tokenized equity offerings.
