PYUSD Launches on the TRON Network: A Major Step for Stablecoins!
PayPal's dollar stablecoin PYUSD has officially integrated with the TRON network! Using LayerZero's Stargate Hydra technology, PYUSD has launched on TRON in a permissionless version (PYUSD0), and has also expanded to Avalanche, Aptos, and seven other chains. This advancement further enhances PYUSD's multi-chain strategy and boosts TRON's position in the global stablecoin market.
PYUSD0 utilizes LayerZero's OFT standard, allowing complete interoperability with the original PYUSD, pegged 1:1 to the dollar. On TRON, transfer fees are low, speeds are fast, and the experience is top-notch!
This integration went live on September 18, with TRON being one of the first supported chains. PYUSD0 also covers chains like Berachain and Flow. LayerZero's bridging technology allows assets to move freely between different chains, maintaining liquidity without relying on centralized platforms.
TRON processes over 9 million transactions daily, locking in over $28 billion in value, and is particularly adept at cross-border payments. TRON founder Sun Yuchen stated, "With PYUSD0 coming to TRON, more people can access efficient digital payments, boosting the global digital economy."
TRON's high transaction volume and low fees make it especially suitable for Asia and emerging markets. The addition of PYUSD will enable more people to store dollars and conduct P2P payments. Recently, PayPal also launched PayPal Links, supporting global transfers in Bitcoin, Ethereum, and PYUSD, clearly ramping up its efforts in the crypto space.
PYUSD on TRON makes digital payments more accessible. In the future, DeFi, NFTs, and cross-border trade will benefit from lower costs and stronger liquidity.
@justinsuntron @trondao #TRONEcoStar
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