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Pymnts

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LayerZero Enables PayPal USD Stablecoin Transfers Between Ethereum and Solana

  • PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between Ethereum and Solana.
  • Integration provides fast, secure, and cost-effective transactions for users and businesses.
  • PYUSD users can transfer assets between blockchains without centralized platforms like Venmo or PayPal.
  • The security stack includes Paxos, Google Cloud, and LayerZero Labs as verifiers to ensure protection for transfers.

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