Ethereum

Solana

Token

LayerZero

Security

<ul class="wp-block-list">
 <li>PayPal’s PYUSD now transfers seamlessly across Ethereum and Solana, boosting speed and security.</li>  
 <li>LayerZero integration enables cross-chain flexibility for PYUSD, reducing reliance on centralized platforms.</li>  
 <li>Decentralized verification secures PYUSD transfers, adding resilience and flexibility across Ethereum and Solana.</li> 
</ul>  
<p>LayerZero’s Omnichain Fungible Token (OFT) protocol has <a href="https://medium.com/layerzero-ecosystem/paypal-usd-pyusd-integrates-layerzero-to-connect-across-chains-enabling-seamless-transfers-cde9b242ecdf" target="_blank" rel="noopener noreferrer nofollow">integrated</a> with PayPal’s U.S. dollar-pegged stablecoin PYUSD to enable transfers between Ethereum and Solana. The integration will make stablecoin transactions faster and more secure while streamlining cross-chain transactions and increasing liquidity.&nbsp;&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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<h2 class="wp-block-heading" id="h-pyusd-cost-effective-cross-chain-transfers"><strong>PYUSD</strong> <strong>Cost-Effective Cross-Chain Transfers</strong></h2>  
<p>The integration with LayerZero allows <a href="https://cryptonewsland.com/paypals-pyusd-hits-1b-as-solana/" target="_blank" rel="noopener noreferrer nofollow">PYUSD</a> holders to transfer assets efficiently between Ethereum and Solana. LayerZero’s OFT standard improves interoperability, meaning users can move their tokens between the two blockchains without relying on centralized platforms.&nbsp;</p>  
<p>This offers a cost-effective alternative to traditional transaction methods. The new cross-chain system is expected to provide flexibility for self-custody users, enhancing accessibility for both personal and business use.</p>  
<p>Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain expressed confidence in the benefits of this upgrade. He believes PYUSD holders will appreciate the ease and flexibility the <a href="https://docs.layerzero.network/v2/home/token-standards/oft-standard" target="_blank" rel="noopener noreferrer nofollow">LayerZero OFT</a> standard brings to digital asset management.</p>  
<h2 class="wp-block-heading" id="h-enhanced-security-through-decentralized-verification"><strong>Enhanced Security through Decentralized Verification</strong></h2>  
<p>Security remains a priority in PayPal’s transition to cross-chain operations. Each PYUSD transfer uses a Decentralized Verifier Network (DVN) that includes trusted entities like <a href="https://cryptonewsland.com/paxos-ceo-urges-u-s-leaders-to-embrace-blockchain-reforms/" target="_blank" rel="noopener noreferrer nofollow">Paxos</a>, Google Cloud, and LayerZero Labs. The DVN setup provides robust and diverse protection for transactions of all sizes.&nbsp;</p>  
<p>Furthermore, the flexibility to update or replace verifiers helps ensure ongoing security and reduces vendor lock-in risks.&nbsp;</p>  
<p>LayerZero’s CEO, Bryan Pellegrino, highlighted that this integration not only secures transfers but also offers PYUSD holders the ability to choose the blockchain that best suits their needs.</p>  
<p>PayPal’s LayerZero integration marks a significant step in the development of blockchain-based digital commerce. With PYUSD now available on both Ethereum and Solana, the company positions itself to offer faster, more accessible payments that could reshape the stablecoin landscape.</p> 
<p>The post <a href="https://cryptonewsland.com/paypal-boosts-pyusd-transfers-between-ethereum-and-solana/" rel="noopener noreferrer nofollow">PayPal Boosts PYUSD Transfers Between Ethereum and Solana with LayerZero Integration</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

PayPal Boosts PYUSD Transfers Between Ethereum and Solana with LayerZero Integration

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