PayPal's stablecoin, PayPal USD (PYUSD), has partnered with LayerZero to facilitate transfers between Ethereum and Solana. LayerZero's Omnichain Fungible Token Standard now enables users to transfer assets seamlessly across blockchains without relying on centralized platforms like Venmo or PayPal. PYUSD's market cap and distribution on both networks have fluctuated, with a significant decrease in total market cap and circulation on Solana. PayPal has been working to increase PYUSD's accessibility, collaborating with Anchorage Digital for a rewards program and launching on Solana with partners like Crypto.com and Phantom. Despite its progress, PYUSD still trails behind stablecoins like USDT and USDC in market capitalization. Coinbase also offers incentives for holding stablecoins on its platform. While AI trading in crypto gains popularity, caution is advised to avoid common mistakes. Read more AI-generated news on: https://app.chaingpt.org/news

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