PayPal expanded its USD-backed PYUSD stablecoin to Arbitrum, a Layer 2 Ethereum networkPayPal has expanded its U.S. dollar-backed stablecoin, PYUSD, to the Arbitrum network, a leading Layer 2 scaling solution for Ethereum.
This move is aimed at providing users with faster and more cost-effective transactions.Ultimately, the move by PayPal indicates that the firm is keen on digital money. The inclusion of Arbitrum is empowering people with more options through PayPal.
The mission is obvious: turn digital payments into simple, inexpensive, and secure.
This may introduce stablecoins to the lives of more people in the future.
https://www.ainvest.com/news/ethereum-news-today-paypal-expands-pyusd-stablecoin-arbitrum-network-faster-transactions-2507/
