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PayPal USD (PYUSD) Integrates LayerZero

Twitter icon  •  Published 1 day ago  •  Hassan Maishera

On Wednesday, the LayerZero team announced via X that PayPal USD (PYUSD) integrates LayerZero to connect across chains, enabling seamless transfers between Ethereum and Solana.

On Wednesday, the LayerZero team announced via X that PayPal USD (PYUSD) integrates LayerZero to connect across chains, enabling seamless transfers between Ethereum and Solana.

By utilizing LayerZero, users who self-custody their PYUSD tokens can seamlessly transfer assets between blockchains without relying on centralized platforms like Venmo or PayPal.

The integration eliminates liquidity fragmentation and ensures fast, secure, cost-effective transactions for users and businesses. Using the LayerZero OFT Standard will facilitate PYUSD holders’ choice of blockchain.

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $3.734, down 6% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.