PayPal Connects Blockchains, Expanding PYUSD’s International Use

PayPal has broadened the availability of its

USD (PYUSD) stablecoin, now supporting an additional seven blockchain networks to increase its presence and usability in the crypto world. Through collaboration with , a protocol for cross-chain compatibility, PYUSD is accessible on chains such as Abstract, , , Ink, , Stable, and . This expansion follows a previous integration with LayerZero’s Omnichain Fungible Token (OFT) standard, which made it possible for PYUSD to transfer between and without the need for centralized exchanges.

This rollout features a permissionless variant called PYUSD0, which remains fully interchangeable with the original PYUSD token. Users can utilize PYUSD0 on these new networks while still enjoying a 1:1 redemption rate with U.S. dollars. LayerZero emphasized that this step would enable frictionless interoperability and prevent liquidity silos, paving the way for more diverse applications of the stablecoin.

This milestone represents a key element in PayPal’s ongoing initiative to weave stablecoins into mainstream finance. In June 2025, PayPal revealed plans to introduce PYUSD on the

network, subject to approval from the New York State Department of Financial Services (NYDFS). As a blockchain designed for rapid and low-cost transfers, Stellar could allow PYUSD to support international payments, microloans, and business financing in more than 170 countries. PayPal executives noted that this move would further increase stablecoin utility for everyday transactions, especially in areas where conventional banking services are scarce.

Corporate adoption of PYUSD continues to rise, with 36% of participants in a recent EY-Parthennon survey saying they use the stablecoin, surpassing competitors like Ethena’s USDe and Sky Protocol’s USDS. CoinGecko data shows PYUSD’s current market cap stands at $1.3 billion. Although it still trails behind leading stablecoins such as

and , PayPal’s recent initiatives highlight its intention to make PYUSD a widely adopted and adaptable digital dollar.

Additionally, the company has launched PayPal Links, a peer-to-peer payment platform supporting PYUSD along with

and Ethereum, with rollout plans for both U.S. and global markets. This fits into PayPal’s broader mission to embed digital currencies into daily financial activities, providing users with innovative options to transfer and receive funds in the digital landscape.

As the popularity of stablecoins continues to surge, the industry’s total market value is projected to rise sharply in the future. J.P. Morgan Global Research anticipates that stablecoins could reach a market size between $500 billion and $750 billion, fueled by their use in global money transfers, remittance services, and

trading. Nonetheless, the sector must still contend with regulatory hurdles and operational risks, such as liquidity constraints and risks of reserve runs, as witnessed during the TerraUSD crisis in 2022.

PayPal’s continued expansion of PYUSD’s ecosystem across various blockchains mirrors the industry-wide movement towards using blockchain to strengthen financial systems. With regulatory frameworks and market confidence advancing, stablecoins like PYUSD are emerging as a vital link between legacy finance and the new digital economy, with PayPal at the forefront of this transformation.