According to Odaily, Paxos has announced its expansion to the Ethereum Layer 2 network, Arbitrum. The company will launch its products on Arbitrum One, although specific details about which products will be introduced remain unclear. Luke Xiao, Head of Fintech Partnerships at Offchain Labs, the developer of Arbitrum, stated on Tuesday that Paxos has decided to bring its stablecoin issuance and regulated tokenization platform to Arbitrum.