If you thought PayPal was just about sending money to Aunt Mabel for her birthday, think again. The payments behemoth is now busy sprinkling its PayPal USD stablecoin (PYUSD) across not one, not two, but eight new blockchains. Seven of these charming tech ecosystems are invited through some fancy wizardry called LayerZero’s Stargate Hydra bridge. No frogs were harmed in the making of this stablecoin, promise.
This integration crowns a shiny, permissionless version dubbed PYUSD0 – apparently “fully fungible” with the original PYUSD, which is just a more sophisticated way of saying “you can swap them like baseball cards but without the sticky fingers.” LayerZero, that crypto infrastructure firm you’re supposed to know about, dropped this bombshell on a Thursday, because, why not?
The lucky blockchains now bearing the PYUSD0 standard include Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable. Meanwhile, the permissionless folks on Berachain (BBYUSD) and Flow (USDF) get to upgrade themselves to the PYUSD0 party version. Expect jazz hands. Oh, and separately, PYUSD also got cozy with Stellar earlier the same day. Stellar’s like the friendly neighborhood blockchain – fast, low fee, and apparently a crowd favorite for folks in countries where saving in U.S. dollars feels like a good idea.
All these PYUSD0 transfers are handled by Stargate Hydra, which sounds like a creature from Greek mythology but is actually what moves your digital money around. Meanwhile, LayerZero pulls the strings behind the scenes, handling minting, burning, and deployment – basically everything but making you coffee in the morning.
This clever bit of engineering builds on PayPal’s already cozy relationships with Ethereum, Solana, and Arbitrum – you know, all the cool kids – making PYUSD one of the most globetrotting stablecoins out there.
PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.
With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains.
– LayerZero (@LayerZero_Core) September 18, 2025
Why should you care? Well, the US Treasury thinks stablecoins like PYUSD are headed for the moon – estimating the market will zoom from $295 billion in April to a staggering $2 trillion by 2028. That’s trillion with a T. The momentum even got a turbo boost when former president Trump stamped his autograph on the GENIUS Act-a piece of legislation so comprehensive that even stablecoins should feel flattered.
PYUSD: The Little Stablecoin That Could… or Maybe Just Couldn’t?
Sure, PayPal’s PYUSD wants to be the next big thing, but it’s still playing catch-up to the reigning champs, Tether (USDT) and Circle (USDC), with market caps of $171.2 billion and $74.3 billion respectively. To put it plainly, that’s like comparing a toddler’s lemonade stand to Walmart.
USDT cozies up on 12 blockchains, and USDC struts on 25. Then there’s the midcard players: Ethena USDe (USDE), USDS (USDS), and Dai (DAI) with market caps in the billions, while PYUSD sits humbly at 11th place with a measly $1.3 billion. Nothing like humble beginnings!
LayerZero CEO Spills the Quantum Blockchain Tea
Bryan Pellegrino, the grand wizard over at LayerZero Labs, says the PayPal hookup is proof we’re on the brink of a “global financial market that breaks down borders and works around the clock.” In other words: banking never sleeps, but now with more blockchain jazz and less paperwork.
“The result of this integration is better money experiences utilizing modern technology,” he states. Translation: it’s going to be smoother than your last online shopping binge.
“Anyone who self-custodies their PYUSD can move it seamlessly between blockchains without needing to rely on the existing and centralized banking infrastructure.”
PYUSD Finds a New Home on Stellar, the Blockchain for Speed Demons and Savers
Earlier the same Thursday, PYUSD was also welcomed on Stellar – a blockchain known for its five-second finality, low fees, and popularity among folks in developing countries who want to squirrel away some American dollars. Because why wait when you can expedite your digital dollars faster than you can say “blockchain”?
So here we have it: PayPal’s PYUSD, issued by Paxos and making waves since its August 2023 debut, is gallivanting across the blockchain landscape like a globe-trotting financial diplomat. If stablecoins had frequent flyer miles, PYUSD might finally be earning a few.
Read More
- Creation of Hollow Knight: Silksong’s Pharloom map reveals cut areas & major changes
- LINK PREDICTION. LINK cryptocurrency
- GBP EUR PREDICTION
- Katanire’s Yae Miko Cosplay: Genshin Impact Masterpiece
- Ray Tracing in Dying Light The Beast? Yes! And no… It’s complicated!
- Gold Rate Forecast
- Mortal Kombat Legacy Kollection Releases Digitally Just Before Halloween
- “A waffle has many spheres” is puzzling you in Cookie Jam? We know the answer
- These Crypto Exchanges Have Customer Support That Actually Doesn’t Suck
- Looking for “On the grid of happiness” in Cookie Jam? The answer is here
2025-09-19 04:23