PayPal Expands PYUSD Stablecoin to Multiple Blockchains via LayerZero
PayPal is intensifying its push into the crypto sector by broadening the accessibility of its dollar-pegged stablecoin, PYUSD, through interoperability with multiple blockchains. The move leverages LayerZero's cross-chain protocol to enhance liquidity and utility for the digital asset.
The expansion signals growing institutional confidence in stablecoins as bridges between traditional finance and decentralized ecosystems. By deploying PYUSD across chains, PayPal positions itself competitively against established players like USDT and USDC in the $150B+ stablecoin market.