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PayPal's stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero, a cross-blockchain bridging protocol, allowing seamless transfers between Ethereum and Solana.
The PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release.
PayPal's stablecoin can now be transferred seamlessly between Ethereum and Solana networks, thanks to its integration with LayerZero's cross-chain protocol. The post PayPal Stablecoin Can Now be Transferred to Ethereum and Solana via LayerZero appeared first on Cryptonews.
TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to enhance transaction efficiency, reduce liquidity fragmentation, and provide users with faster, more secure, and cost-effective options.
PayPal has integrated LayerZero with its USD stablecoin (PYUSD) for faster transfers between Ethereum and Solana.
PayPal's stablecoin PYUSD has integrated LayerZero to facilitate smoother transfers between Ethereum and Solana.
PayPal's US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks.
PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.
PYUSD on Ethereum's market cap has remained relatively unchanged in recent months while the supply on Solana has plummeted from its high.
Learn about Layerzero, a genuine solution for blockchain interoperability, promising to tackle key issues of security and liquidity fragmentation. This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space.
Bryan Pellegrino flagged a function in the Across token contract and claimed it allowed the owner to mint and burn ACX at will.
LayerZero (ZRO) is currently experiencing a tumultuous phase as its recent recovery attempts falter amid mounting bearish pressure. After initially showcasing potential, the altcoin's upward momentum has stalled, leading to a possible downturn.
LayerZero and Uniswap have inked a partnership toward the testing of the Unichain L2.
The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.
TL;DR LayerZero and EigenLayer have launched the CryptoEconomic Decentralized Verifier Networks (DVNs) framework, establishing a new standard for communication between chains. Users can secure omnichain messaging by staking assets such as ZRO, EIGEN, and ETH, promoting integrity in data transmission.
Eigen Labs and LayerZero Labs introduce a CryptoEconomic DVN Framework, enhancing security and interoperability across blockchains.
Blockchain bridges ensure the bridge of assets across chains, but their nature also happens to be a weakness owing to possible security breaches.
LayerZero Labs CEO Bryan Pellegrino discusses the complexities and security issues of blockchain bridges in a podcast with a16z crypto.
October has historically been a bullish month for altcoins and cryptocurrencies in general. With great momentum building, fueled by increasing demand and favorable market conditions, several altcoins are also inching closer to breaking their previous all-time highs.
Chain-agnostic stablecoin protocol defi.money has integrated LayerZero to bring omnichain liquidity to its network. LayerZero (ZRO) is an interoperability solution that offers a foundational layer for omnichain applications and blockchains.
TL;DR LayerZero has experienced a 433% increase in its activity, reaching 98,000 daily messages following the announcement of a second airdrop. The new strategy focuses on rewarding active users and excludes those who do not participate, aiming to foster genuine commitment to the protocol. The price of the ZRO token has risen by 16.
The price of LayerZero (ZRO) has increased by 13.65% in the last 24 hours. It comes days after the LayerZero Foundation announced the end of ZRO airdrop claims and disclosed that it would reallocate unclaimed tokens to its active users.
The recent spike represents a 433% increase from the previous low of 18,400 messages, signaling a renewed interest in the protocol.
