Payments giant PayPal is expanding its stablecoin, PYUSD, to nine new blockchains via LayerZero, strengthening its presence in the crypto economy.
Announced Thursday, the integration introduces a permissionless version called PYUSD0 through LayerZero’s Hydra Stargate system, fully interchangeable with the Paxos-issued stablecoin.
The expansion extends PYUSD access to Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, while existing community-issued versions on Berachain and Flow will automatically migrate.
This move significantly broadens PYUSD’s reach beyond its native issuance on Ethereum, Solana, Arbitrum, and Stellar. PayPal launched PYUSD in 2023, becoming one of the first major financial firms to issue a stablecoin. Since then, its supply has grown rapidly, rising from about $520 million earlier this year to $1.3 billion, according to RWA.xyz.
By leveraging LayerZero, PayPal seeks to accelerate cross-chain adoption, enhance interoperability, and provide users with a reliable dollar-pegged stablecoin across a much wider blockchain landscape.
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