ARB Price Soars 10% As PayPal Expands PYUSD to Arbitrum

Arbitrum (ARB) is among the biggest gainers today, with holders enjoying double-digit gains in the last 24 hours.

The surge comes after news of the Ethereum Layer-2 (L2) network integrating with PayPal.

PayPal’s Arbitrum Integration Fuels 10% Surge for ARB Price

As of this writing, ARB has been trading for $0.4395, up by 10.37% in the last 24 hours. CoinGecko data shows it is the third biggest gainer among the crypto top 60, after Pump.fun (PUMP) and Pudgy Penguins (PENGU).

Arbitrum (ARB) Price Performance. Source: BeInCrypto

PENGU draws hype from Tron founder Justin Sun’s recent foray into the Pudgy Penguins huddle. Meanwhile, PUMP price is buoyed by Pump.fun’s buyback mechanism, which reduces the circulating supply.

However, tailwinds for the Arbitrum price came after PayPal announced the expansion of PYUSD to the Arbitrum network.

INTEL: Paypal Plans to Expand PYUSD Stablecoin to Arbitrum Chain

— Solid Intel