Why paypal Is Trending Today?

Verizon has appointed Dan Schulman, the former CEO of PayPal, as its new Chief Executive Officer. Schulman, who was previously a lead director at Verizon, succeeds Hans Vestberg in the role. This appointment comes at a crucial time for Verizon, as the company faces significant industry challenges and opportunities.

PayPal introduces PYUSD stablecoin on Arbitrum for faster, cheaper transfers, boosting ARB price.

PayPal expands its PYUSD stablecoin to Arbitrum, a layer-2 solution on Ethereum, enabling faster and cheaper payments, with an initial weekly limit of $100,000. This move has led to a 10% increase in Arbitrum's ARB token price.