PayPal expands its PayPal USD stablecoin to eight new blockchains, including Tron, Avalanche, and Stellar. LayerZero’s Stargate Hydra bridge enables the creation of PYUSD0, a permissionless version interoperable across blockchains. The stablecoin market is expected to reach $2 trillion by 2028. PYUSD currently lags behind USDT and USDC in market cap. LayerZero CEO sees stablecoins as crypto’s “killer app” for borderless financial markets. PayPal’s PYUSD also integrated on Stellar for wider accessibility.

Read more at Cointelegraph: PayPal Adds Stablecoin on Tron, Avalanche and 6 Other Chains