TechFlow news, September 19 — According to The Block, 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.
Issued by Paxos Trust Company, PYUSD was initially natively deployed on Ethereum and later expanded to Solana and Arbitrum, with Stellar added today. This latest expansion introduces a permissionless version called "PYUSD0," which will cover seven additional chains: 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 native PYUSD, allowing users to redeem either version at a 1:1 ratio against the U.S. dollar regardless of which version they hold.
