PayPal Announces It Will Add Its Own Token to 7 More Different Altcoin Networks

PayPal's stablecoin, PayPal USD (PYUSD), is expanding to Tron, Avalanche, Sei, and more blockchains thanks to LayerZero integration. This move, which takes place via LayerZero’s Stargate Hydra bridge, significantly grows PYUSD’s ecosystem.

Issued by Paxos Trust Company, PYUSD was initially launched on Ethereum, later expanding to Solana and Arbitrum, and today to Stellar. With the new announcement, a version called “PYUSD0” will be available on seven new networks: Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron.

Additionally, existing bridged versions of PYUSD on Berachain (BYUSD) and Flow (USDF) will also be upgraded to PYUSD0. Related News: Claim from Analysis Company: “This Altcoin May Be on the Verge of a Major Surge” According to LayerZero, PYUSD0 is fully fungible and compatible with the native PYUSD.

This means that whether users hold PYUSD on mainnets like Ethereum or as PYUSD0 on LayerZero-supported chains, the token is equally exchangeable 1:1 for US dollars. This expansion builds on LayerZero's integration of the omnichain fungible token (OFT) standard, announced last November.

At the time, PYUSD eliminated the fragmented liquidity problem between Ethereum and Solana, allowing users to make cross-chain transfers without the need for centralized platforms. *This is not investment advice.

Continue Reading: PayPal Announces It Will Add Its Own Token to 7 More Different Altcoin Networks