PayPal USD stablecoin is expanding to multiple blockchains such as Tron, Avalanche, and Sei through LayerZero

ChainCatcher news, PayPal's stablecoin PayPal USD (PYUSD) is expanding to multiple new blockchains including Tron, Avalanche, and Sei through integration with LayerZero's Stargate Hydra cross-chain bridge.

PYUSD is issued by Paxos Trust Company, initially natively deployed on Ethereum, and later expanded to Solana and Arbitrum, with Stellar added today. This expansion introduces a permissionless version called "PYUSD0," which will cover seven additional chains including Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. Existing bridged versions such as BYUSD on Berachain and USDF on Flow will also be upgraded to PYUSD0. According to LayerZero, PYUSD0 maintains "full interchangeability" and interoperability with the native PYUSD, allowing users to exchange either version for US dollars at a 1:1 ratio.