PYUSD Expands to New Blockchains

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PayPal USD (PYUSD) is breaking out of its silo. Thanks to a new integration with LayerZero’s cross-chain technology, the stablecoin can now be used natively on popular chains like Avalanche, Tron, and Sei.

For users, this means true self-custody: you can now move your PYUSD between these blockchains quickly and without needing to go through Venmo or PayPal.

The new “PYUSD0” tokens on these chains are fully fungible and redeemable 1:1 for U.S. dollars, just like the original.

This expansion, coupled with PayPal’s recent announcement of “PayPal Links” for crypto payments, signals a major push to make PYUSD a more versatile and widely-used digital dollar.