CD PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration

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Payments firm PayPal's (PYPL) U.S. dollar stablecoin is being introduced to nine more blockchains by interoperability protocol LayerZero (ZRO), expanding the token beyond the four blockchains — Ethereum, Solana, Arbitrum and Stellar — where it's natively issued.LayerZero integrated PayPal USD (PYUSD), issued by fintech firm Paxos, into its Hydra Stargate system, creating a permissionless version of the token dubbed PYUSD0 that's one-to-one interchangeable with the underlying stablecoin.The move makes the token available on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, while existing community-issued versions on Berachain and Flow will convert automatically.PayPal launched its PYUSD in 2023 as one of the first major payments firm-backed stablecoins. With LayerZero's expansion, the token aims to reach new markets more quickly and provide a dollar-pegged stablecoin within the crypto economy.Currently, PYUSD has a supply of $1.3 billion, up from around $520 million at the beginning of this year, RWA.xyz data shows.Read more: PayPal Adding Crypto to Peer-to-Peer Payments, Allowing Direct Transfer of BTC, ETH, Others

Source: https://www.coindesk.com/business/2025/ ... ntegration