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- 🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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PayPal Stablecoin PYUSD starts using LayerZero to enable transfers between Ethereum and Solana
PANews reported on November 13th that according to The Block, according to a statement released on Tuesday, PayPal's USD stablecoin PYUSD is now using LayerZero to simplify transfers between Ethereum and Solana. The statement said, "This integration eliminates Liquidity fragmentation, ensuring fast, secure, and cost-effective transactions for users and businesses." The data shows that in recent months, the Market Cap of PYUSD on the ETH network has been relatively stable, at about 350 million US dollars. However, the supply of this stablecoin on Solana has plummeted from over 660 million US dollars in August to 186 million US dollars. The statement also indicates,