Ethereum scaling community Arbitrum’s token {{ARB}} is gaining on Thursday as hypothesis swirled that the community might be subsequent the place PayPal’s U.S. greenback stablecoin {{PYUSD}} shall be deployed.
The community was lately added to PayPal’s cryptocurrency phrases and situations webpage as a supported chain for PYUSD, alongside Ethereum and Solana
the place the token is already stay.
“PYUSD is issued by Paxos, not PayPal, on every of the Ethereum, Solana, and Arbitrum cryptocurrency networks,” the web page reads.
ARB was up 7.7% over the previous 24 hours, outpacing bitcoin’s {{BTC}} and ETH’s good points throughout the identical interval.
CoinDesk requested PayPal and Paxos representatives for remark. Notably, the Stellar
blockchain, which PayPal introduced final month to be added for PYUSD, was not talked about within the phrases.
Digital buying and selling platform Robinhood additionally picked Arbitrum to develop and roll out its tokenized fairness providing.
