PANews reported on November 13 that according to The Block, PayPal's US dollar stablecoin PYUSD is now using LayerZero to simplify transfers between Ethereum and Solana, according to a statement released on Tuesday. The statement said: "This integration eliminates liquidity fragmentation and ensures that transactions for users and businesses are fast, secure and cost-effective."
Data shows that the market value of PYUSD on Ethereum has remained relatively stable at around $350 million in recent months. However, the supply of the stablecoin on Solana has plummeted from more than $660 million in August to $186 million.
