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PayPal USD begins using LayerZero to enable transfers between Ethereum and Solana The Block 3 weeks ago

PayPal USD begins using LayerZero to enable transfers between Ethereum and Solana 🔄

PayPal USD (PYUSD) is now employing LayerZero technology to enable seamless transfers between Ethereum and Solana. This move comes as the market cap of PYUSD on Ethereum remains relatively stable, contrasting with a significant drop in its supply on the Solana blockchain.

This strategy may aim to balance the distribution of PYUSD across these platforms and enhance interoperability.

Source: www.theblockcrypto.com ↗