Catenaa, Monday, September 22, 2025- PayPal dollar-pegged stablecoin PYUSD is expanding beyond Ethereum and Solana to new blockchains including Tron, Avalanche and Sei.
The expansion comes through an integration with LayerZero’s Stargate Hydra bridge.
The new version, PYUSD0, will run on seven additional chains such as Aptos, Abstract and Ink.
It remains fully fungible with native PYUSD, meaning all tokens are redeemable 1:1 for U.S. dollars regardless of where they are held.
Issued by Paxos Trust Company, PYUSD first launched in 2023 on Ethereum and has since spread to Solana, Arbitrum and Stellar.
Its supply stands at 1.9 billion, far below rivals Tether’s USDT and Circle’s USDC.
LayerZero said the upgrade eliminates liquidity fragmentation, enabling self-custodial users to transfer PYUSD across networks without relying on centralized platforms like Venmo or PayPal. The model follows the OFT standard adopted last year between Ethereum and Solana.
PayPal said the move will accelerate market reach while maintaining compliance. Industry analysts expect the expansion to boost the stablecoin’s role in cross-chain payments and decentralized finance.
The development follows PayPal’s rollout of PayPal Links, a peer-to-peer feature that lets users send or receive money via personal links. Support for crypto payments including bitcoin, ether and PYUSD is expected soon.
The SEC’s recent approval of generic listing standards for crypto ETFs is also seen as a supportive backdrop for digital asset products.
