PANews reported on September 19th that according to The Block, PayPal's stablecoin, PayPal USD (PYUSD), is expanding to multiple new blockchain networks, including Tron, Avalanche, and Sei, through integration with LayerZero's Stargate Hydra cross-chain bridge. PYUSD, issued by Paxos Trust Company, was initially launched natively on Ethereum, then expanded to Solana and Arbitrum, with the Stellar network added yesterday. LayerZero stated on Thursday that with this expansion, a permissionless version of the token, called "PYUSD0," will be introduced to seven additional blockchain networks, namely Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. In addition, the existing cross-chain versions of PYUSD on Berachain and Flow will also be upgraded to PYUSD0.PANews reported on September 19th that according to The Block, PayPal's stablecoin, PayPal USD (PYUSD), is expanding to multiple new blockchain networks, including Tron, Avalanche, and Sei, through integration with LayerZero's Stargate Hydra cross-chain bridge. PYUSD, issued by Paxos Trust Company, was initially launched natively on Ethereum, then expanded to Solana and Arbitrum, with the Stellar network added yesterday. LayerZero stated on Thursday that with this expansion, a permissionless version of the token, called "PYUSD0," will be introduced to seven additional blockchain networks, namely Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. In addition, the existing cross-chain versions of PYUSD on Berachain and Flow will also be upgraded to PYUSD0.
PayPal's stablecoin PYUSD expands to Tron, Avalanche, Sei and other blockchains via LayerZero
PANews reported on September 19th that according to The Block, PayPal's stablecoin, PayPal USD (PYUSD), is expanding to multiple new blockchain networks, including Tron, Avalanche, and Sei, through integration with LayerZero's Stargate Hydra cross-chain bridge. PYUSD, issued by Paxos Trust Company, was initially launched natively on Ethereum, then expanded to Solana and Arbitrum, with the Stellar network added yesterday. LayerZero stated on Thursday that with this expansion, a permissionless version of the token, called "PYUSD0," will be introduced to seven additional blockchain networks, namely Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. In addition, the existing cross-chain versions of PYUSD on Berachain and Flow will also be upgraded to PYUSD0.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
SEC urges caution on crypto wallets in latest investor guide
The SEC’s Office of Investor Education and Assistance issued a bulletin warning retail investors about crypto asset custody risks. The guidance covers how investors
Share
Crypto.news2025/12/15 01:45
the first multi-crypto ETP debuts in the USA
The post the first multi-crypto ETP debuts in the USA appeared on BitcoinEthereumNews.com. The SEC has approved the conversion of the Grayscale Digital Large Cap Fund (GDLC) into an ETP listable on NYSE Arca, as documented in the S-3 filing submitted to the SEC SEC EDGAR – S-3 GDLC and confirmed by the issuer on its own site Grayscale. This is the first time a multi-crypto product has received explicit approval in the United States for listing on a regulated exchange, opening a regulated channel for diversified exposure to digital assets. The public confirmation came on September 18, 2025 through official communications from the issuer and updates on market bodies. In this context, the market’s attention immediately shifted to timing and operational details. According to the data collected by our research team monitoring SEC filings since 2023, this is one of the few cases where the authority’s staff has authorized the listing of a multi-asset product with explicit reference to the Generic Listing Standards. Industry analysts note that the decision could accelerate the timeline of over 90 related filings currently in the pipeline in 2025, increasing the likelihood of new listings in the next 6-12 months. In the intraday monitoring of ETF flows, we found that Bitcoin products have recently recorded daily flow averages close to $292 million, a value used in our numerical analysis to size the potential impact. What has been approved and why it matters The SEC has authorized the conversion of the GDLC from an OTC fund to a listable ETP on NYSE Arca, along with the adoption of Generic Listing Standards for selected crypto-assets. As highlighted by SEC.gov, the move aims to streamline bureaucracy and accelerate the introduction of new products, impacting access, liquidity, and transparency. That said, the potential impact concerns both retail investors and institutional players. Key Data on GDLC Full name: Grayscale Digital Large Cap…
Share
BitcoinEthereumNews2025/09/19 03:37
Bitcoin’s Battle with Market Pressures Sparks Concerns
Throughout the weekend, Bitcoin exhibited a degree of stability. Yet, it is once again challenging the critical support level of $88,000.Continue Reading:Bitcoin
Share
Coinstats2025/12/15 01:35