PayPal's PYUSD launches PYUSD0 version on TRON, Avalanche, Sei and 4 other blockchains via LayerZero's Stargate Hydra bridge.
PayPal has made a significant expansion of its PYUSD stablecoin by deploying the permissionless version PYUSD0 on seven additional blockchains through integration with LayerZero’s Stargate Hydra bridge. The move marks a significant strategic shift for PayPal from operating on individual blockchains to an integrated omnichain ecosystem, aiming to increase the accessibility and liquidation of the company’s stablecoin.
PYUSD, issued by Paxos Trust Company, was initially deployed on Ethereum before expanding to Solana and Arbitrum, and most recently Stellar. With this new expansion, PYUSD0 is now available on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and TRON, while previously bridged versions on Berachain (BYUSD) and Flow (USDF) will also be upgraded to PYUSD0.
The most important feature of PYUSD0 is its full compatibility with the native PYUSD. According to LayerZero, whether users hold PYUSD on native networks or PYUSD0 on LayerZero-enabled chain , they are still the same stablecoin and can be redeemed 1:1 for USD. This ensures the consistency and stable value of the Token across the entire multi- chain ecosystem.
Omnichain standards and self-custody capabilities
This expansion follows a previous integration announced last November, when PYUSD adopted LayerZero’s Omnichain Fungible Token (OFT) standard to enable Token transfers between Ethereum and Solana . This integration eliminated liquidation Shard and allowed self-custody users to move PYUSD between chain without relying on centralized platforms like Venmo or PayPal.
PayPal first launched PYUSD in 2023 with a current circulating supply of $1.9 billion according to data from The Block . While this is still modest compared to rival stablecoins like Tether 's USDT and Circle 's USDC , the multi- chain expansion shows PayPal's ambition to increase market share and competitiveness.
David Weber, Chief Ecosystem Officer of PayPal USD, emphasized that by partnering with LayerZero, the company will help PYUSD reach new markets faster while maintaining compliance and integration from day one. This reflects PayPal’s strategy of balancing innovation and regulatory compliance.
Earlier this week, PayPal also introduced PayPal Links, a peer-to-peer payment feature that allows users to send and receive money via personalized links. The company said it will soon integrate crypto assets, including bitcoin, ether, PYUSD, and others, across the PayPal ecosystem, Venmo, and compatible wallets globally.
