PayPal’s $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration
The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other chains.
Sep 18, 2025, 8:53 p.m.
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$0.9992, 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
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.
Di più per voi
IG Group Buys Majority Stake in Australian Crypto Exchange Independent Reserve for $72M
The deal aims to strengthen IG’s position in the Asia-Pacific crypto market and complements its recent crypto rollouts in the U.K. and U.S., the firm said.
Cosa sapere:
- IG Group acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for $72 million, the company said.
- The deal aims to strengthen IG’s position in Asia-Pacific’s fast-growing crypto markets.
- IG will initially acquire 70% of Independent Reserve, with the option to buy the remaining 30% based on future performance.
