PayPal Adds Stablecoin on Tron, Avalanche and 6 Other Chains
The post PayPal Adds Stablecoin on Tron, Avalanche and 6 Other Chains appeared on BitcoinEthereumNews.com. Payments giant PayPal is expanding its PayPal USD stablecoin across eight new blockchains, seven of which are through an integration with LayerZero’s Stargate Hydra bridge. The integration will create a permissionless version of PayPal USD (PYUSD) — PYUSD0 — which will be “fully fungible” with the PYUSD and interoperable across blockchains, crypto infrastructure firm LayerZero said in a statement on Thursday. Those blockchains are Tron, Avalanche, Aptos, Abstract, Ink, Sei and Stable, while existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) will upgrade to PYUSD0. A separate announcement on Thursday also revealed that PYUSD has expanded to Stellar. Stargate Hydra will serve as the interface for PYUSD0 transfers, while LayerZero will enable the minting, burning, and deployment of PYUSD0. It builds on PayPal’s support for Ethereum, Solana, Arbitrum, and now Stellar, making it one of the most accessible stablecoins in the crypto ecosystem. PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD. With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA — LayerZero (@LayerZero_Core) September 18, 2025 The stablecoin adoption comes as the US Treasury estimated in April that the $295 billion market would boom to $2 trillion by 2028. Momentum was boosted in July by US President Trump’s signing of the GENIUS Act, which is seen as one of the most comprehensive stablecoin laws to date. PYUSD still way behind industry heavyweights PayPal is one of the several stablecoin companies vying to compete with Tether (USDT) and Circle (USDC), which boast market caps of $171.2 billion and $74.3 billion, respectively, CoinGecko data shows. USDT supports 12 blockchains, while USDC runs on 25 chains. Ethena USDe (USDE), USDS (USDS) and Dai (DAI)…
The post PayPal Adds Stablecoin on Tron, Avalanche and 6 Other Chains appeared on BitcoinEthereumNews.com.
Payments giant PayPal is expanding its PayPal USD stablecoin across eight new blockchains, seven of which are through an integration with LayerZero’s Stargate Hydra bridge. The integration will create a permissionless version of PayPal USD (PYUSD) — PYUSD0 — which will be “fully fungible” with the PYUSD and interoperable across blockchains, crypto infrastructure firm LayerZero said in a statement on Thursday. Those blockchains are Tron, Avalanche, Aptos, Abstract, Ink, Sei and Stable, while existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) will upgrade to PYUSD0. A separate announcement on Thursday also revealed that PYUSD has expanded to Stellar. Stargate Hydra will serve as the interface for PYUSD0 transfers, while LayerZero will enable the minting, burning, and deployment of PYUSD0. It builds on PayPal’s support for Ethereum, Solana, Arbitrum, and now Stellar, making it one of the most accessible stablecoins in the crypto ecosystem. PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD. With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA — LayerZero (@LayerZero_Core) September 18, 2025 The stablecoin adoption comes as the US Treasury estimated in April that the $295 billion market would boom to $2 trillion by 2028. Momentum was boosted in July by US President Trump’s signing of the GENIUS Act, which is seen as one of the most comprehensive stablecoin laws to date. PYUSD still way behind industry heavyweights PayPal is one of the several stablecoin companies vying to compete with Tether (USDT) and Circle (USDC), which boast market caps of $171.2 billion and $74.3 billion, respectively, CoinGecko data shows. USDT supports 12 blockchains, while USDC runs on 25 chains. Ethena USDe (USDE), USDS (USDS) and Dai (DAI)…
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