1 month ago
Ethereum scaling web Arbitrum's token ARB is gaining connected Wednesday arsenic speculation swirled that the web could beryllium adjacent wherever PayPal's U.S. dollar stablecoin PYUSD volition beryllium deployed.
The web was precocious added to PayPal's cryptocurrency presumption and conditions webpage arsenic a supported concatenation for PYUSD, alongside Ethereum and Solana SOL wherever the token is already live.
"PYUSD is issued by Paxos, not PayPal, connected each of the Ethereum, Solana, and Arbitrum cryptocurrency networks," the leafage reads.
ARB was up 7.7% implicit the past 24 hours, outpacing bitcoin's BTC and ETH's gains during the aforesaid period.
CoinDesk asked PayPal and Paxos representatives for comment. Notably, the Stellar XLM blockchain, which PayPal announced past period to beryllium added for PYUSD, was not mentioned successful the terms.
Digital trading level Robinhood besides picked Arbitrum to make and rotation retired its tokenized equity offering.
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