-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other chains.
By Krisztian Sandor, AI Boost|Edited by Cheyenne Ligon
Sep 18, 2025, 8:53 p.m.
- PayPal’s U.S. dollar stablecoin, PYUSD, is expanding to nine additional blockchains through LayerZero’s interoperability protocol.
- The integration allows PYUSD to be used on platforms like Abstract, Aptos, and Avalanche, with automatic conversion on Berachain and Flow.
- Since its launch in 2023, PYUSD’s supply has grown to $1.3 billion, aiming to enhance its presence in the crypto economy.
Payments firm PayPal’s (PYPL) U.S. dollar stablecoin is being introduced to nine more blockchains by interoperability protocol LayerZero ZRO$1.8432, expanding the token beyond the four blockchains — Ethereum, Solana, Arbitrum and Stellar — where it’s natively issued.
LayerZero integrated PayPal USD PYUSD$0.9993, 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.
STORY CONTINUES BELOW
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
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
By Ian Allison, AI Boost|Edited by Nikhilesh De
4 hours ago
The feature lets Coinbase users earn yield on USDC deposits while powering the platform’s crypto-backed loan market.
What to know:
- Coinbase launched USDC lending powered by DeFi protocol Morpho
- Users earn interest from borrowers, including Coinbase’s crypto-backed loan customers
- The move builds Coinbase’s first full onchain lending and borrowing ecosystem
