PayPal USD Launches on TRON Network via LayerZero Integration
- PayPal USD (PYUSD) will be available on the TRON network as a permissionless token, PYUSD0.
- TRON has processed over $21 trillion in cumulative transfer volume since its mainnet launch in May 2018.
- The TRON blockchain currently hosts over 332 million user accounts and $28 billion in total value locked.
- On average, TRON processes around nine million transactions daily with over two million active accounts.
- In the first half of this year, TRON generated nearly $1 billion in protocol revenue from real-world activities.
This integration aims to enhance the availability and interoperability of stablecoins across blockchain networks, reflecting a commitment to efficient digital financial systems. With PYUSD expanding its reach through LayerZero’s Omnichain Fungible Token Standard, users gain greater access to stablecoin functionalities.
The launch of PYUSD0 on TRON underscores the platform’s significant growth, highlighted by its processing of approximately nine million transactions daily and hosting over $28 billion in total value locked. (Source)
