PayPal USD Stablecoin (PYUSD) Launches on Aptos

BlockBeats News, September 19, PayPal's US Dollar Stablecoin (PYUSD) has been expanded to Aptos through LayerZero and Stargate Hydra, and has been launched as PYUSD0.

Aptos is the only Move blockchain that has received support for PYUSD0 in this update. Currently, the stablecoin ecosystem in Aptos has exceeded $1.2 billion and supports the three major global stablecoins: native USDC, USDT, and USDe. With the arrival of PYUSD, Aptos further solidifies its core position in stablecoin innovation and applications.

Utilizing LayerZero's cross-chain infrastructure and the Stargate interface, PYUSD0 on Aptos maintains full composability and interoperability, bringing developers and users a more efficient, seamless payment, and settlement experience. Whether in DeFi applications, payment scenarios, or asset management, the Aptos ecosystem will now have a new USD stablecoin gateway.

As a high-speed, low-latency next-generation blockchain, Aptos' integration provides a solid foundation for the global expansion of PYUSD, further driving the adoption of digital dollars in Web3 financial infrastructure.