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12h ago

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

The LayerZero-powered rollout seeks to unify liquidity across chains, preserving 1:1 redeemability.

PayPal’s PYUSD is about to break free from banks - Here's how!
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

  • LayerZero said it deployed a permissionless omnichain token, PYUSD0, that is fully fungible with PYUSD and redeemable at parity.
  • Support extends to Tron, Aptos, Avalanche, Abstract, Ink, Sei and Stable, with existing versions on Berachain and Flow set to upgrade automatically.
  • Holders do not need to take action, as apps can treat PYUSD and PYUSD0 as the same PayPal USD across supported networks.
  • The expansion uses LayerZero’s Stargate Hydra and OFT framework, leveraging the Stargate acquisition to standardize cross-chain mint, burn and transfers.
  • PYUSD’s market cap is about $1.3 billion, with PayPal and Paxos positioning the token for broader payments and DeFi use beyond its earlier deployments on Ethereum, Solana, Arbitrum and Stellar.