PayPal USD (PYUSD) integrated with LayerZero for cross-blockchain transfers between Ethereum and Solana 🌉, market capitalization dropped to $513 million from a high of $1 billion 📉

PayPal USD (PYUSD), pegged to the US dollar, is integrated with the LayerZero protocol for transfers between Ethereum and Solana. Users can now move assets between blockchains without centralized platforms. The market capitalization of PYUSD has decreased from $1 billion in August to $513 million, with the majority of assets remaining on Ethereum. PayPal is also expanding the availability of PYUSD through a rewards program with Anchorage Digital.