Paypal payment company (PYPL) US dollar stablecoin is presented to nine additional blockchains by interoperability Protocol Layerzero Expanding the token beyond the four blockchains – Ethereum, Solana, Arbitrum and Stellar – where it is natively issued.
Integrated Paypal Layerzero USD Published by Fintech Paxos, in its Hydra Stargate system, creating a version without authorization of the token nicknamed Pyusd0 which is one by an interchangeable with the underlying stable.
This decision makes the token available on Abstract, Aptos, Avalanche, Ink, SEI, Stable and Tron, while the existing versions issued by the community on Berachain and Flow will convert automatically.
Paypal launched its Pyusd in 2023 as one of the first stablescoins supported by a company. With the expansion of Layerzero, the token aims to reach the new markets faster and to provide stablecoin to Pie in dollars within the cryptography economy.
Currently, Pyusd has an offer of $ 1.3 billion, against around $ 520 million at the start of this year, according to Rwa.xyz data.
Read more: Paypal adding crypto to peers, allowing direct transfer of BTC, ETH, others
