PayPal Stablecoin PYUSD starts using LayerZero to enable transfers between Ethereum and Solana

DailyNews

2024-11-13 00:04:45

PYUSD0,01%

ZRO3,27%

ETH-2,77%

SOL-2,58%

PANews reported on November 13th that according to The Block, according to a statement released on Tuesday, PayPal’s USD stablecoin PYUSD is now using LayerZero to simplify transfers between Ethereum and Solana. The statement said, “This integration eliminates Liquidity fragmentation, ensuring fast, secure, and cost-effective transactions for users and businesses.” The data shows that in recent months, the Market Cap of PYUSD on the ETH network has been relatively stable, at about 350 million US dollars. However, the supply of this stablecoin on Solana has plummeted from over 660 million US dollars in August to 186 million US dollars. The statement also indicates,

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments