Key Takeaways:
- PayPal’s PYUSD stablecoin has expanded to eight new blockchains, including Stellar and seven via LayerZero’s Stargate Hydra bridge, with a new permissionless version called PYUSD0.
- The move positions PYUSD as one of the most widely accessible stablecoins, though it still trails behind USDT and USDC in market cap and blockchain coverage.
- This expansion aligns with renewed stablecoin market optimism following the GENIUS Act and bullish U.S. Treasury projections.
PayPal is expanding the reach of its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), across eight additional blockchain networks, aiming to boost its utility and accessibility.
Seven of these integrations are enabled through LayerZero’s Stargate Hydra bridge, which introduces a permissionless version called PYUSD0.
PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.
— LayerZero (@LayerZero_Core) September 18, 2025
With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA
This version will be fully interchangeable with existing PYUSD and function across multiple chains, including Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable.
Existing variants on Berachain (BBYUSD) and Flow (USDF) will also be upgraded to PYUSD0.
Separately, PYUSD has gone live on Stellar, known for its low fees and five-second transaction finality, making it attractive in developing markets.
Stargate Hydra will provide the user interface for moving PYUSD0 across chains, while LayerZero manages minting, burning, and deployment.
With existing support for Ethereum, Solana, Arbitrum, and now Stellar, PYUSD is becoming increasingly multichain but still lags behind leaders like Tether (USDT) and USD Coin (USDC).
Launched in August 2023 and issued by Paxos, PYUSD currently holds around $1.3 billion in market cap, ranking 11th among stablecoins, as optimism grows following new U.S. regulations and strong growth projections for the sector.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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