PYUSD integrates with LayerZero to enable seamless transfers between Ethereum and Solana

PayPal's USD-pegged stablecoin, PYUSD, has integrated with LayerZero to enable seamless cross-chain transactions between Ethereum and Solana.

This integration aims to reduce liquidity fragmentation and provide users with faster, more secure, and cost-effective transactions.

LayerZero's Omnichain Fungible Token (OFT) Standard is used to facilitate these cross-chain transfers, allowing PYUSD to move effortlessly between the two blockchains.

This development is expected to enhance the utility and flexibility of PYUSD for both users and businesses. PYUSD currently has a market cap of $501 million.