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PYUSD Arrives in Venmo on Arbitrum, Putting the Stablecoin in Front of 67 Million Monthly Users
PayPal's stablecoin, PYUSD, is now available to eligible Venmo users on the Arbitrum network, providing access to over 67 million monthly active accounts. This integration marks a significant step in expanding consumer access to PYUSD on an Ethereum Layer 2 solution, following its earlier deployment on Arbitrum by PayPal. Users can buy, sell, send, and spend PYUSD within Venmo with no transaction fees, though external wallet transfers incur network fees. Balances held within Venmo or PayPal can earn rewards, with PayPal promoting a 4% annual rate in 2026.
GalaSwap Opens Trading on ZRO, SBB, QNT and CARV
GalaSwap has added four new tokens, ZRO, SBB, QNT, and CARV, to its decentralized exchange operating on GalaChain. This expansion continues Gala's strategy of integrating various digital assets onto its platform, positioning GalaChain as a general-purpose utility chain for cross-chain liquidity rather than solely for gaming.
WBTC’s $7.7B move: BitGo drops LayerZero, makes Chainlink CCIP its sole bridge
BitGo is migrating over $7.7 billion of Wrapped Bitcoin (WBTC) to Chainlink's Cross-Chain Interoperability Protocol (CCIP), designating it as its sole cross-chain infrastructure provider. This move signifies a departure from LayerZero, the previous provider, and follows a significant exploit of a LayerZero bridge in April. BitGo cited institutional security requirements as the primary reason for choosing CCIP.
