PayPal's (PYPL) U.S. dollar-pegged stablecoin PYUSD is expanding its reach through interoperability protocol LayerZero (ZRO), now becoming available on nine additional blockchain networks. This strategic move extends the token's presence beyond its native issuance platforms - Ethereum, Solana, Arbitrum, and Stellar.
LayerZero has successfully integrated PayPal USD, issued by Paxos Trust Company, into its advanced Hydra Stargate system. This integration creates PYUSD0, a permissionless version that maintains full 1:1 interchangeability with the original stablecoin while enabling cross-chain functionality.
The expansion makes PYUSD accessible on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron networks. Additionally, existing community-issued versions on Berachain and Flow will automatically convert to the new standardized version, ensuring network-wide consistency.
Since its 2023 launch, PayPal's stablecoin has positioned itself as a pioneering payment solution from a major financial technology company. The LayerZero integration accelerates PYUSD's market penetration strategy, providing a reliable dollar-backed stablecoin across multiple blockchain ecosystems within the growing cryptocurrency economy.
Market data from RWA.xyz indicates PYUSD's current supply has reached $1.3 billion, demonstrating significant growth from approximately $520 million at the beginning of 2024, reflecting increasing adoption and market confidence.