PayPal's stablecoin PYUSD expands to Tron, Avalanche, Sei and other blockchains

Techub News: According to The Block, PayPal's stablecoin PayPal USD (PYUSD) is expanding to multiple blockchain networks including Tron, Avalanche, and Sei through integration with LayerZero's Stargate Hydra cross-chain bridge. Issued by Paxos Trust Company, PYUSD initially launched natively on Ethereum before expanding to Solana and Arbitrum, with Stellar added just 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, including Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. Additionally, the existing cross-chain versions of PYUSD on Berachain and Flow will also be upgraded to PYUSD0.