CandleFocus PayPal USD Stablecoin Now Uses LayerZero to Streamline Transfers Between Ethereum and Solana
2024-11-13
Author: Content Editor
PayPal's stablecoin, PYUSD, is now using LayerZero to facilitate transfers between Ethereum and Solana. This integration eliminates liquidity fragmentation and enables fast and cost-effective transactions. While PYUSD's market cap on Ethereum has remained steady, its supply on Solana has decreased significantly. LayerZero's Omnichain Fungible Token (OFT) allows for seamless transfers between the two platforms, improving interoperability for stablecoins.
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