19.09.2025 00:51
According to internet sources, PayPal's PYUSD stablecoin has broadened its availability, now accessible on nine additional blockchains. This expansion was made possible by LayerZero, an interoperability protocol, as announced in a recent blog post.
The stablecoin, introduced two years ago, can now be utilized on platforms such as Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, according to LayerZero's statement. This integration was facilitated through Stargate, a bridge that connects over 80 blockchains and was acquired by LayerZero the previous month.
Data from CoinGecko revealed that PayPal's stablecoin had a market capitalization of $1.3 billion on Thursday. While representing a record high for PYUSD adoption, it still lags behind Tether and Circle, whose stablecoins are valued at $171 billion and $74 million, respectively.
PYUSD's presence may be comparatively modest, but it is a leading choice among corporate users. A recent survey by EY-Parthennon indicated that 36% of corporations utilize PYUSD, surpassing the popularity of Ethena's USDe and Sky Protocol's USDS, despite the latter having larger market capitalizations. When bridged to various networks through Stargate, PayPal’s stablecoin is represented through PYUSD0 tokens.
David Weber, head of ecosystem for PayPal USD, emphasized the significance of such advancements for a seamless and interoperable financial infrastructure, highlighting the essential need for such innovations by users and developers.
