In a strategic move to increase its relevance against giants like Tether and Circle, PayPal’s PYUSD stablecoin is expanding to multiple new blockchains via LayerZero.
While its $1.9B supply is dwarfed by USDT and USDC, this technical overhaul introduces a permissionless “PYUSD0” token across chains like Tron and Avalanche.
This mirrors Tether’s own “USDT0” built on LayerZero, signaling an industry-wide shift towards omnichain standards to capture DeFi market share.
The expansion aims to solve PYUSD’s liquidity fragmentation issue, a key hurdle for adoption. The news follows PayPal’s rollout of “PayPal Links,” a clear effort to create a more cohesive and competitive crypto payments ecosystem.
