PayPal will update its cryptocurrency terms of service on July 16, 2025, explicitly supporting the issuance and use of PYUSD stablecoin on the Arbitrarum network. PYUSD is issued by Paxos and is fully supported by US dollars, US treasury bond bonds and other highly liquid assets as reserves. The price is fixed at US $1. Users can buy, sell, convert, or send PYUSD through the PayPal cryptocurrency center, but they need to choose the correct blockchain network that supports it (including Arbitrarum, Ethereum, and Solana).