PayPal has announced a significant expansion of support for its own stablecoin PayPal USD (PYUSD), adding integration with eight new blockchains, including Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable. Additionally, updates have been made to the versions on Berachain and Flow, which now comply with the PYUSD0 standard.
This is reported by Finway
Expansion via LayerZero and Stargate Hydra
A key element of this expansion is the integration with the modern infrastructure of LayerZero and the Stargate Hydra bridge. Thanks to these technologies, users are given the ability to issue, burn, and conduct cross-chain transfers of PYUSD0. PayPal developers emphasize that the new version of the stablecoin is fully interchangeable with the original PYUSD, allowing for the free movement of assets between different networks without restrictions.
Furthermore, PayPal has officially confirmed the launch of PYUSD on the Stellar network, further expanding the company’s digital dollar ecosystem.
“Now any user who self-custodies their PYUSD can move it between networks without relying on traditional banking infrastructure,” emphasized Pellegrino.
PYUSD Expands Presence, but Still Lags Behind Leaders
Following this update, PYUSD is supported not only on Ethereum, Solana, and Arbitrum, but also on an even greater number of blockchains, making it one of the most accessible stablecoins in terms of multi-blockchain support. However, in terms of market volume, it still significantly lags behind the leaders. According to CoinGecko, USDT is currently available on 12 networks with a capitalization of $171.2 billion, while USDC is on 25 networks with a total of $74.3 billion. PYUSD currently ranks only 11th with a capitalization of around $1.3 billion.
Overall, the stablecoin market is showing dynamic growth. In April 2025, the U.S. Department of the Treasury projected that the total market volume could increase from $295 billion to $2 trillion by 2028. An additional boost to development was provided by the passage of the GENIUS Act in July — the first comprehensive regulation of stablecoins in the U.S.
Brian Pellegrino, CEO of LayerZero Labs, referred to stablecoins as the “killer application of cryptocurrencies” and emphasized that PayPal’s integration illustrates the shift towards a new financial system that operates without interruptions and borders.