PayPal expands PYUSD to 9 new blockchains via LayerZero
PayPal’s stablecoin, PYUSD, has expanded to nine additional blockchains through integration with LayerZero’s Stargate Hydra system.
The move introduces PYUSD0, a permissionless version of the token that is fully fungible with the original Paxos-issued PYUSD, reports Bitcoinist.
Initially native to Ethereum, Solana, Arbitrum, and Stellar, the stablecoin is now accessible on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. It will also upgrade existing bridged versions on Berachain (BYUSD) and Flow (USDF), broadening its total reach to nine non-native networks. LayerZero says more integrations are coming, marking another milestone in PayPal’s push to deepen PYUSD adoption.
Infrastructure behind PYUSD0 rollout
The interoperability is enabled by three core components: PayPal’s stablecoin itself, LayerZero’s cross-chain protocol, and Stargate Hydra as the transfer interface. Users can seamlessly mint, burn, and move PYUSD0 across supported chains. “With PYUSD0, PayPal USD expands its reach and flexibility to work across today’s networks and tomorrow’s,” said Bryan Pellegrino, CEO of LayerZero Labs.
PayPal echoed the sentiment, framing the expansion as essential to meet the growing demand for interoperable financial infrastructure in a $270 billion stablecoin market. The company emphasized compliance and composability as key drivers of its stablecoin strategy.
PayPal doubles down on crypto adoption
Since launching PYUSD in 2023, PayPal has steadily expanded the coin’s footprint, most recently debuting a Stellar-native version. The firm is also building broader crypto services, including a “Pay with Crypto” feature for merchants and P2P payments integration. Analysts view the latest LayerZero partnership as positioning PYUSD for wider usage in both decentralized finance and cross-border payments.
Despite the broader optimism, crypto markets saw a modest pullback, with Bitcoin sliding to $116,400 after briefly reclaiming $117,900. CoinGlass data shows $133 million in long liquidations over the past 24 hours, underscoring how traditional finance firms like PayPal are accelerating crypto adoption even as markets consolidate.
Recently we wrote that PayPal USD (PYUSD), will soon be available on the Stellar (XLM) blockchain, pending regulatory approval from the New York State Department of Financial Services (NYDFS).
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