PayPal Expands PYUSD Stablecoin Through Multiplatform DeFi Partnerships
PayPal's stablecoin, PYUSD, is rapidly scaling across blockchain ecosystems through strategic partnerships with Spark, LayerZero, Stellar, and Stable. The payments giant is deploying a multi-chain strategy to enhance liquidity, access, and utility for its dollar-pegged digital asset.
Spark's $1 billion on-chain liquidity engine, backed by an $8 billion balance sheet, is accelerating PYUSD adoption. The collaboration has already attracted nearly $200 million in deposits, positioning it as a potential model for institutional stablecoin deployments.
Cross-chain expansion continues with PYUSD now live on stellar for low-cost international payments. LayerZero's infrastructure simultaneously enables distribution of PYUSD0—a permissionless variant—across multiple networks.
