PayPal Expands PYUSD Support to New Blockchains
Date: 2025-09-22 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
PayPal announced a major update to its PayPal USD (PYUSD) stablecoin, adding support for eight additional blockchains. These include Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable. Additionally, the Berachain and Flow versions will be updated to the PYUSD0 standard. The company also confirmed integration with the Stellar network.
The technical foundation of the expansion is the LayerZero infrastructure and the Stargate Hydra bridge. These will enable the issuance, burning, and transfer of PYUSD0 between networks. The developers emphasize that the new version will be fully compatible with the original PYUSD and will allow users to seamlessly transfer assets across different ecosystems.
Previously, the coin was supported only on Ethereum, Solana, and Arbitrum. Its geographic reach has now expanded significantly, making PYUSD one of the most accessible stablecoins in terms of network coverage. However, in terms of scale, it still lags far behind the established leaders.
According to CoinGecko statistics, the dominant stablecoin, USDT, is present on 12 blockchains with a market cap of $171.2 billion. USDC is integrated into 25 networks and has a market cap of $74.3 billion. By comparison, PYUSD ranks only 11th, with a market cap of approximately $1.3 billion.
Despite PayPal USD's modest position, the stablecoin market as a whole is showing impressive growth. In April, the US Treasury Department predicted that the sector's total market cap could reach $2 trillion by 2028, up from the current $295 billion. The passage of the GENIUS Act in July, the first comprehensive regulation of stablecoins in the US, was also a significant factor.
According to LayerZero Labs CEO Brian Pellegrino, stablecoins are becoming the "killer app for cryptocurrency." He noted that PayPal's integration paves the way for the creation of a fundamentally new financial system, operating 24/7 and borderless.
"Now users who independently manage their PYUSD can transfer them between blockchains without relying on banks or intermediaries," Pellegrino emphasized.
Thus, PayPal's expansion reinforces the trend toward multi-chain development of stablecoins and highlights their key role in the emerging digital economy.
