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2h ago

LayerZero Launches PYUSD0, Taking PayPal’s Stablecoin to Nine More Blockchains

Stargate Hydra’s OFT design turns PYUSD into a unified, 1:1‑redeemable dollar token across roughly 13 networks.

PayPal’s PYUSD enters Tron, Avalanche via LayerZero rails
Paypal's $1.3b stablecoin expands to 9 new blockchains with layerzero integration
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Overview

  • PYUSD0 is live on Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable, with community versions on Berachain and Flow converting automatically.
  • LayerZero’s integration of the Stargate Hydra bridge enables permissionless deployment and a single fungible PYUSD across supported chains.
  • Users can self-custody and move PYUSD without relying on centralized exchanges, with PYUSD0 remaining fully interchangeable with Paxos-issued PYUSD.
  • The rollout expands PYUSD beyond its native issuances on Ethereum, Solana, Arbitrum, and Stellar to a broader multi-chain footprint.
  • PYUSD’s circulating supply is reported around $1.3 billion, as PayPal seeks wider payments and DeFi adoption in a market led by USDT and USDC.