Odaily Planet Daily News According to a statement released on Tuesday, PayPal's USD stablecoin PYUSD is currently using LayerZero to streamline transfers between Ethereum and Solana. "This integration eliminates liquidity fragmentation, ensuring that both users and businesses can transact quickly, securely, and cost-effectively," the statement said. Data shows that the market capitalization of PYUSD on Ethereum has remained relatively stable in recent months, at around $350 million. However, according to data from the Dune Analytics dashboard, the supply of PYUSD on Solana has plummeted from $660 million in August to $186 million. PayPal's Senior Vice President of Blockchain, Cryptocurrency, and Digital Currency, Jose Fernandez da Ponte, stated: "We believe PYUSD holders will welcome the flexibility and convenience provided by LayerZero." (The Block)

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