PayPal's stablecoin, PayPal USD (PYUSD), is significantly expanding its reach through integration with LayerZero.
The token will now be available on eight additional blockchains, including Tron, Avalanche, and Sei, as well as Abstract, Aptos, Ink, and Stable.
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This expansion introduces a new permissionless version of the token called "PYUSD0" on these networks.
According to LayerZero, PYUSD0 is fully fungible and interoperable with native PYUSD, meaning it can be redeemed 1:1 for US dollars regardless of which blockchain it is on.
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Existing bridge versions on Berachain and Flow will also be upgraded to this new standard.