PayPal's stablecoin PYUSD expands to blockchains such as Tron, Avalanche, and Sei through LayerZero

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

PYUSD is issued by Paxos Trust Company, initially launched natively on Ethereum, and later expanded to Solana and Arbitrum, with Stellar network added yesterday. LayerZero announced on Thursday that with this expansion, a permissionless version of the token called "PYUSD0" will be introduced to an additional seven blockchain networks, namely Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. Furthermore, the existing cross-chain versions of PYUSD on Berachain and Flow will also be upgraded to PYUSD0.