Expands PayPal's PYUSD Cryptocurrency Across Multiple Blockchains; Announces Collaboration with Google
PayPal, the global digital payments giant, has announced a strategic partnership with Google, aiming to reshape global commerce. This collaboration will see PayPal's stablecoin, PayPal USD (PYUSD), integrated with a host of blockchains, including Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable, in addition to Ethereum, Solana, Arbitrum, and Stellar.
The expansion uses LayerZero's Stargate Hydra-Bridge for cross-chain interoperability, a move that positions PayPal at the forefront of a rapidly evolving financial ecosystem. This integration will also extend to Google's ecosystem, making PYUSD available on more platforms.
The partnership focuses on embedding PayPal's branded checkout, Hyperwallet, and payout solutions across Google's ecosystem. This collaboration could accelerate the adoption of agentic commerce—AI-driven shopping and transaction experiences.
In addition to the blockchain expansion, PayPal has introduced PayPal Links, a peer-to-peer payments feature allowing users to send and receive funds using personalized links. This feature adds to the convenience of using PayPal for everyday transactions.
PayPal's Enterprise Payments is also designated as a key processor for card transactions on Google Cloud, Google Ads, and Google Play. This designation strengthens PayPal's role in mainstream commerce, aligning with its focus on expanding digital asset accessibility.
The integration of PYUSD across additional blockchains also strengthens the accessibility and provides flexibility for developers and users engaging in decentralized finance. The blockchain expansion of PYUSD is designed to broaden access while ensuring compliance and interoperability from the outset.
Notably, a permissionless version of the stablecoin, PYUSD0, has been introduced to seven chains including Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. LayerZero explained that PYUSD0 is fully fungible with the native token, meaning users holding it on supported chains can redeem it 1:1 for U.S. dollars.
The circulating supply of PYUSD is currently 1.9 billion, a figure that remains modest compared to market leaders Tether's USDT and Circle's USDC. However, with the expansion into multiple blockchains, this number is expected to grow significantly.
Crypto support for assets like bitcoin, ether, and PYUSD is expected to follow on PayPal, Venmo, and external wallets, further enhancing the utility of these digital assets.
This alliance illustrates how collaborations with global technology leaders could redefine how consumers and merchants engage in cross-border payments, peer-to-peer transfers, and digital marketplaces in the future. The collaboration between PayPal and Google is set to reshape the landscape of digital payments and commerce.
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