The rollout also debuts PYUSD0, a permissionless sibling of the native coin already circulating on Ethereum, Solana, Stellar, and Arbitrum. Chains like Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron now get the PYUSD treatment, while Berachain and Flow will auto-upgrade to PYUSD0 without a fuss.
Layerzero explained that Stargate Hydra takes on the heavy lifting of minting and burning PYUSD0, all while keeping it perfectly fungible with PYUSD. The payoff? Users can move money across networks like Aptos and Avalanche without tapping a single banking rail. For self-custody types, PYUSD and PYUSD0 are interchangeable twins—no homework required.
The team’s blog post notes that the system leans on a tidy trio: Paxos issues PYUSD as the dollar-pegged anchor, Stargate acts as the transit terminal, and Layerzero supplies the cross-chain rails. Hydra itself works like a hub-and-spoke wheel, linking a central hub chain with spoke chains such as Abstract, Ink, and Stable.
David Weber, Paypal USD’s head of ecosystem, said the push is meant to speed up stablecoin adoption in a market already north of $290 billion, balancing compliance with developer freedom. Bryan Pellegrino, Layerzero’s CEO, chimed in that spreading PYUSD to chains like Sei and Tron makes life easier for both builders and users.
For developers, it’s a green light to weave Paypal’s coin into fresh apps on Aptos, Avalanche, Ink, Tron, and others. For users, it means a smorgasbord of options to zip value across 140-plus supported networks.
The companies say the play is all about letting tokenized dollars move at the speed of software, cutting out the middlemen and broadening PYUSD’s weight in the stablecoin ring. With a $1.294 billion market cap, PYUSD ranks as the tenth-largest stablecoin in the fiat-pegged crypto sector.
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