PayPal’s $1.3B Stablecoin Expands to 9 Blockchains via LayerZero

PayPal's USD stablecoin (PYUSD) is expanding to nine additional blockchains via LayerZero, beyond its initial deployment on Ethereum, Solana, Arbitrum, and Stellar.
LayerZero has integrated PYUSD into its Hydra Stargate system, creating a permissionless version called PYUSD0, which is interchangeable with the original stablecoin.
New blockchains for PYUSD include Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. Community-issued versions on Berachain and Flow will convert automatically.
PayPal launched PYUSD in 2023 as one of the first major stablecoins backed by a payments firm, aiming to quickly reach new markets and provide a dollar-pegged option within the crypto economy.
The current supply of PYUSD stands at $1.3 billion, up from approximately $520 million earlier this year, according to RWA.xyz data.