PayPal Expands PYUSD Stablecoin To 9 More Blockchains With LayerZero
PayPal’s stablecoin PYUSD is now available on nine more blockchains, thanks to integration with LayerZero’s interoperability protocol. PayPal’s Stablecoin Now On Tron, Avalanche, & Seven Other Networks As announced by LayerZero in a blog post, PayPal USD (PYUSD) is getting a major expansion through integration with its Stargate Hydra system, allowing users to move the stablecoin […]
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PayPal is launching a permissionless version of its $PYUSD stablecoin across Tron, Avalanche, and seven other blockchains. All will be achieved through Stargate, a bridge service that connects over 80 blockchains. LayerZero, which acquired Stargate last month, used its Hydra model to expand $PYUSD to these nine networks. With crypto adoption accelerating, now signals a […]
In a groundbreaking move that signals a convergence of traditional finance and the burgeoning crypto economy, Coinbase announced its intention to list PayPal’s stablecoin, PYUSD. This comes on the heels of Kraken’s recent addition of PYUSD trading options, marking a significant stride in the stablecoin’s mainstream adoption. “Coinbase Assets” took to Twitter to confirm the […]
Paypal’s Ethereum-based stablecoin PYUSD has failed to capture crypto investors’ interest. According to data from Nansen, 90% of the stablecoin’s total supply still remains with its issuer Paxos’ wallet. Paypal’s PYUSD Adoption Setback The payment giant Paypal’s recently launched stablecoin PYUSD continues to struggle with adoption and has failed to gain traction since its official launch on August 7, 2023. Despite PayPal having over 350 million users worldwide, on-chain data from Nansen has shown that only a small percentage of its user base is....
Tron has been making headlines after bouncing strongly from its recent low. On September 6, the token slipped to fresh cycle lows, raising concerns among traders. However, since then, Tron has staged an impressive comeback, climbing more than 18% and now testing local resistance levels. This rebound signals renewed strength in the network and growing investor confidence in its role within the broader crypto ecosystem. Related Reading: FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance Adding fuel to this recovery, Tron announced yesterday that PayPal USD (PYUSD) will now be....
The protocol, which is still in development, intends to connect dApps across chains using on-chain nodes. On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol.The round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz, and with participation from Coinbase Ventures,....