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PayPal Just Hacked the Universe: You Won’t Believe What They’ve Done to Your Crypto Now

A stylized illustration depicting a chaotic cosmos with planets colliding in mid-air amidst swirling cryptic code snippets and blockchain networks, as PayPal's PYUSD logo is embedded into the center of a black hole, surrounded by Ethereum and Solana galaxies.

The Great Stablecoin Caper: PayPal’s LayerZero Link-Up – A Recipe for Disaster?.

Source: cointelegraph

PayPal’s United States dollar-pegged stablecoin, PayPal USD (PYUSD) has integrated with cross-blockchain bridging protocol LayerZero to enable transfers between Ethereum and Solana.  In a Nov. 12 statement, LayerZero said that PYUSD now uses its Omnichain Fungible Token (OFT) Standard to allow the crosschain transfers, which will “enable users who self-custody their tokens to seamlessly transfer assets between blockchains — without needing to rely on centralized platforms like Venmo or PayPal.” […]

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