PayPal Bets on Multichain Strategy to Boost PYUSD Adoption

PayPal is making a major bet on a multichain future for its stablecoin. The company announced a wide-ranging expansion of PYUSD to seven new blockchains, including Tron, Avalanche, and Sei, through a partnership with cross-chain protocol LayerZero.

The rollout introduces “PYUSD0,” a permissionless token designed to ensure seamless interoperability across ecosystems.

This strategy directly addresses a key limitation of PYUSD—its isolation on a few chains—by enabling self-custodial transfers without relying on PayPal’s own apps.

Coupled with the upcoming crypto integration for its new “PayPal Links” feature, this move is a clear attempt to position PYUSD as a foundational currency for both centralized and decentralized finance.