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PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration
The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other chains.
Updated Sep 19, 2025, 1:25 p.m. Published Sep 18, 2025, 8:53 p.m.
What to know:
- PayPal's U.S. dollar stablecoin, PYUSD, is expanding to nine additional blockchains through LayerZero's interoperability protocol.
- The integration allows PYUSD to be used on platforms like Abstract, Aptos, and Avalanche, with automatic conversion on Berachain and Flow.
- Since its launch in 2023, PYUSD's supply has grown to $1.3 billion, aiming to enhance its presence in the crypto economy.
Payments firm PayPal's (PYPL) U.S. dollar stablecoin is being introduced to nine more blockchains by interoperability protocol , expanding the token beyond the four blockchains — Ethereum, Solana, Arbitrum and Stellar — where it's natively issued.
LayerZero integrated , issued by fintech firm Paxos, into its Hydra Stargate system, creating a permissionless version of the token dubbed PYUSD0 that's one-to-one interchangeable with the underlying stablecoin.
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The move makes the token available on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, while existing community-issued versions on Berachain and Flow will convert automatically.
PayPal launched its PYUSD in 2023 as one of the first major payments firm-backed stablecoins. With LayerZero's expansion, the token aims to reach new markets more quickly and provide a dollar-pegged stablecoin within the crypto economy.
Currently, PYUSD has a supply of $1.3 billion, up from around $520 million at the beginning of this year, RWA.xyz data shows.
Read more: PayPal Adding Crypto to Peer-to-Peer Payments, Allowing Direct Transfer of BTC, ETH, Others
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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