PayPal’s stablecoin PYUSD is now available on a lot more blockchains thanks to a new integration with LayerZero. This means users won’t be stuck using it on just a few networks anymore. The rollout introduces a new version called PYUSD0, which acts just like regular PYUSD but can move more easily across chains without needing special permissions.
Until now, PYUSD lived mostly on Ethereum, Solana, Arbitrum, and Stellar. That worked, but it meant anyone using a different chain was out of luck. With this new setup, PYUSD can now travel across nine more networks, including Avalanche, Tron, and Aptos.
This is possible through LayerZero’s tech, which helps different blockchains communicate and share data. PYUSD0 is fully backed and interchangeable with the original version, so users don’t have to worry about getting stuck with a lesser version of the token.
For regular users, this makes a difference. You won’t need to jump through hoops or deal with complicated bridges just to use your stablecoin in a different app or ecosystem. If you want to send PYUSD from a wallet on one chain to a game or app on another, it’ll be a smoother experience.
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More apps and wallets are also likely to support it now that it’s available in more places. And for anyone who’s tried moving tokens around before, fewer steps and lower fees are always welcome.
There’s growing demand for stablecoins that actually feel like money you can use anywhere. PYUSD is trying to meet that demand. PayPal and LayerZero are working to make the coin more flexible and available, especially as people use apps across different chains. The more places PYUSD can go, the more useful it becomes. Plus, spreading across networks helps reduce any reliance on one chain, especially if that chain gets congested or expensive to use.
Expanding across multiple chains sounds great, but it also comes with challenges. Each blockchain has its own quirks and risks. There’s always a chance of technical issues or bugs when trying to connect them all. If something goes wrong during a cross-chain transfer, users could lose time or money. And then there’s trust, people need to feel confident that PYUSD and PYUSD0 will always be equal in value. If that breaks, adoption could slow down fast.
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PYUSD launched in 2023 with Paxos as the issuer and PayPal backing the brand. At first, it was limited in where you could use it, but it has grown steadily. Its supply has now crossed the $1.3 billion mark, which shows that more people are using or holding it. This latest expansion is the next step in turning PYUSD into something more than just another stablecoin with a familiar name.
Over the next few months, the big question will be whether apps actually adopt PYUSD0 and start using it in real ways. Will developers integrate it into lending platforms, games, or payment tools? Will people find it easier to move PYUSD between ecosystems? If things go smoothly, this update could quietly make PYUSD one of the more useful stablecoins in the space. And if not, well, users will let PayPal know.
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The post PayPal’s PYUSD Expands Across New Chains With LayerZero appeared first on 99Bitcoins.
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