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12h ago

PayPal’s PYUSD Goes Omnichain as LayerZero Launches PYUSD0 on Nine Networks

LayerZero’s OFT via Stargate Hydra makes PYUSD a bridgeable dollar that moves natively across networks.

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

Overview

  • LayerZero added PYUSD support to nine additional blockchains, including Tron, Avalanche, Aptos, Sei, Abstract, Ink and Stable.
  • On non‑native chains, the stablecoin is represented as PYUSD0 using the Omnichain Fungible Token standard, maintaining full fungibility with PYUSD.
  • The rollout uses Stargate, a bridge connecting more than 80 blockchains that LayerZero acquired last month to accelerate cross‑chain deployments.
  • Integration on Tron extends PYUSD’s reach into a large, high‑throughput ecosystem and broadens potential DeFi and payments use cases.
  • PYUSD’s market capitalization stood at about $1.3 billion on Thursday, according to CoinGecko, remaining much smaller than rivals from Tether and Circle.