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LayerZero

BOB and LayerZero Enable BTC Transfers Across 11 Major Blockchains
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BOB and LayerZero Enable BTC Transfers Across 11 Major Blockchains

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Decentralized finance (DeFi) protocol Build on Bitcoin (more commonly known as “BOB”) unveiled a system that lets BTC$113,053.81 holders move their assets into decentralized trading apps with a single click, the company said on Tuesday.

“BOB Gateway” connects native Bitcoin to LayerZero’s “omnichain fungible token” (OFT) version of wrapped BTC, an asset issued by BitGo. The integration extends to 11 blockchains including Ethereum, Avalanche and Base, bringing access to nearly 15,000 decentralized apps that can now support direct Bitcoin deposits.

Until now, most of these blockchains lacked a straightforward way to connect to Bitcoin. Users often had to navigate complex bridging processes, which carried both technical friction and security risks.

With BOB Gateway, they can move between native BTC and wBTC.OFT in one step, a change that could make strategies such as yield farming or looping trades more accessible to retail and institutional investors alike.

Yield farming and looping supply liquidity to DeFi platforms, acting as the foundation for lending, borrowing, and trading. This process allows users to earn significant passive income. Making these trades easier with native BTC — the largest and most trusted digital asset — would mobilize a massive pool of capital, increasing DeFi’s liquidity, security, and overall market maturity.

More than $2.3 billion worth of wBTC.OFT has already been bridged across 67,000 transfers on LayerZero, the companies said. By enabling direct inflows from native BTC, the gateway could bring fresh liquidity into DeFi markets that rely on wrapped bitcoin as collateral or trading pairs.

Alexei Zamyatin, co-founder of BOB, said the update “makes wBTC.OFT instantly accessible” across supported chains, while LayerZero’s Simon Baksys described the move as adding utility to “one of the most trusted assets in crypto.”

The rollout includes Ethereum, Avalanche, Base, Unichain, Soneium, Bera, Optimism, Sei, Sonic and BOB itself, covering much of the current DeFi landscape.



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PayPal expands PYUSD to Tron and Avalanche via LayerZero
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PayPal’s PYUSD enters Tron, Avalanche via LayerZero rails

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PayPal is expanding the reach of its stablecoin. Using LayerZero’s interoperability rails, PYUSD is launching onto nine new chains, including Tron and Avalanche, in a strategic move to capture market share from native ecosystem stablecoins.

Summary

  • PayPal expands PYUSD to nine new blockchains, including Tron and Avalanche, via LayerZero.
  • The launch introduces PYUSD0, a fungible standard unifying liquidity across supported chains.

According to an announcement on September 18, the interoperability protocol LayerZero is now the primary rail for PayPal’s stablecoin expansion. This technical integration, utilizing LayerZero’s Stargate Hydra model, deploys a new permissionless token standard, PYUSD0, onto nine additional blockchains.

The move strategically positions PYUSD on high-throughput ecosystems like Tron, Avalanche, Abstract, Sei, Stable and Aptos, directly inserting the PayPal-branded dollar into competitive markets long dominated by native stablecoins.

What PYUSD0 means for PayPal’s stablecoin push

PayPal’s expansion is powered by a new technical standard dubbed PYUSD0, which is far more significant than a simple wrapped token. The omnichain fungible token standard, native to LayerZero’s protocol, ensures that the asset on a chain like Tron is not a mere derivative but is the exact same, fully fungible PYUSD held on Ethereum or Solana.

Crucially, users do not need to distinguish between PYUSD and PYUSD0. Both are fungible and redeemable at parity, creating a single liquidity pool across every supported blockchain. For PayPal, this represents a fundamental upgrade from operating isolated deployments to managing a single, omnipresent asset.

“With PYUSD0, PayPal USD expands its reach and flexibility to work across today’s networks and tomorrow’s. Launches like this make it obvious that we are at the start of a global financial market that breaks down borders and works around the clock.” Bryan Pellegrino, Co-Founder and CEO, LayerZero Labs, said.

The strategic importance of this move cannot be overstated for PayPal’s competitive stance. While its $1.9 billion market cap is dwarfed by incumbents, this integration provides a scalable on-ramp to the vast, established user bases on chains like Tron. It is a direct offering to developers on Aptos, Sei, and Avalanche, providing them with a major, compliant stablecoin option that carries the trust of a legacy fintech name

This development also serves as the first major validation of LayerZero’s acquisition of the Stargate bridge protocol. The integration leverages Stargate’s pioneering “Hydra model,” a framework designed to extend assets from a central hub onto a multitude of spoke chains.



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Paypal Expands Pyusd Stablecoin To More Blockchains Via Layerzero
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PayPal Expands PYUSD Stablecoin to More Blockchains via LayerZero

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PayPal is growing the reach of its digital dollar, PayPal USD (PYUSD), by bringing it to more blockchains. It’s working with LayerZero’s Stargate Hydra bridge to make the stablecoin easier to use across different crypto networks. PYUSD first launched on Ethereum and later expanded to Solana and Arbitrum, with Stellar added just recently.

According to the announcement, PayPal is introducing a permissionless version of the token PYUSD0, which will be available on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron.

Existing bridged tokens on Berachain (BYUSD) and Flow (USDF) will also upgrade to PYUSD0. Hence, users can hold either PYUSD or PYUSD0 without friction since both remain fully fungible and interoperable across chains.

LayerZero confirmed on X thread,“With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains,” the company said. This means new markets can access PYUSD faster with availability across over 140 supported networks.

PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.

With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA

— LayerZero (@LayerZero_Core) September 18, 2025

In addition, developers acquire a compliant and dollar-backed stablecoin that can be integrated without so much trouble into their applications. Finally, the end-users benefit by having a smooth way to send, receive, and transfer the stabilizing value without relying on wire transfer centers.

Permissionless Access for Developers and Users

The new permissionless version allows any developer to integrate the stablecoin into their applications without needing specific authorization. With a current circulating supply of over $1.3 billion, according to DefiLlama, PYUSD is now positioned to reach a broader user base. The new integration with the Tron network, for example, gives the stablecoin access to an ecosystem with over 332 million user accounts.

David Weber, Head of Ecosystem at PayPal USD, noted, “As the stablecoin market continues its rapid growth beyond $270 billion, innovations like this are essential.” He explained that interoperability and compliance remain priorities from day one.

Bryan Pellegrino, CEO of LayerZero Labs, added, “Stablecoins are the killer app within the crypto ecosystem. With PYUSD0, PayPal USD expands its reach and flexibility.” He stressed that the move signals the start of a borderless and round-the-clock financial market.

Furthermore, the system brings together three infrastructure partners. Paxos issues PYUSD, Stargate enables transfer without slippage, and LayerZero ensures seamless distribution across blockchains. Consequently, anyone self-custodying PYUSD can now move it between blockchains with ease.

Earlier this week, PayPal also rolled out PayPal Links, a peer-to-peer payments feature. Crypto integration, including Bitcoin, Ether, and PYUSD, is expected soon across PayPal, Venmo, and other wallets. 

According to Yahoo Finance data, as of writing, PayPal’s stock (PYPL) trades at $68.78, marking a slight 0.24% increase.

Also Read: Plasma To Launch Mainnet Beta With $2B Stablecoins





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Flr Token Goes Live On Hyperliquid With Layerzero Oft
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FLR Token Goes Live on Hyperliquid with LayerZero OFT

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Flare’s native token FLR has officially gone live for spot trading on Hyperliquid today, and this was made possible through LayerZero’s Omnichain Fungible Token standard. Users can deposit FLR via Stargate and begin trading it directly on Hyperliquid without any extra steps.

What makes the listing stand out is that Hyperliquid is supporting native FLR rather than a wrapped version, which removes the need for gas to unwrap tokens. This makes the whole process of deposits and withdrawals much easier for users who want a seamless trading experience.

Trading Made Simple with Native FLR

The FLR ticker was obtained directly by Flare so the listing could happen without needing approval from a centralized party. LayerZero’s OFT standard acts as the bridge that links FLR from the Flare network to Hyperliquid’s HyperEVM, and then into HyperCore where trading happens. Once there, FLR is set up as a HIP-1 asset and can be traded against USDC. 

This structure is designed to keep bridging fast and simple while giving users a seamless experience between networks. On Hyperliquid itself, trading is powered by an on-chain orderbook, offering tight spreads and liquidity for better execution and lower overall costs.

“Hyperliquid trading volumes have soared over the recent months, rendering it a high-priority exchange listing with compelling prospects for the FLR token,” Hugo Philion, CEO and Co-founder of Flare said in the press release. “Harnessing LayerZero’s native OFT standard and Hyperliquid’s decentralized listing flow, users can now access a permissionless bridge-in, trade, bridge-out experience for FLR.” 

Different Ways to Fund and Trade 

Users now have three simple options to fund their Hyperliquid accounts:

First Option: USDT0 from Flare:

Bridge USDT0 from Flare to HyperCore through Stargate or usdt0.to. Once bridged, swap USDT0 for USDC to begin trading. A $1 fee is required to activate a Hyperliquid account.

Second Option: FLR from Flare:

 Bridge FLR directly from Flare to HyperCore and HyperEVM through Stargate. After trading, bridge FLR back to Flare to use for staking, delegation, or receiving FlareDrops.

Third Option: USDC from Arbitrum:

Deposit USDC directly from Arbitrum into the Hyperliquid app. This gives a straightforward way to fund trading without using bridging steps.

At launch, FLR trades against USDC, and Hyperliquid plans to expand trading into more stablecoins like USDT0 and USDH as the system grows.

According to Filip Koprivec, Chief Product Officer at Flare “The OFT standard is turning FLR into a first-class omnichain asset. Combine that with Hyperliquid’s on-chain market structure and you get speed, transparency, and strong price discovery for everyday traders.”

Also Read: Hex Trust Adds Custody support for stETH for Institutions



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LayerZero wins $110M Stargate acquisition deal
NFT Gaming

LayerZero wins $110M Stargate acquisition deal

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Blockchain messaging protocol LayerZero has secured the $110 million acquisition of cross-chain platform Stargate after a heated, last-minute bidding war.

Summary

  • LayerZero won Stargate’s $110M acquisition with 95% DAO approval.
  • Stargate stakers to receive 50% of revenue; rest goes to ZRO buybacks.
  • Community chose LayerZero over rival bids from Wormhole, Axelar, and Across.

With one of the highest participation rates in its history, the Stargate (STG) DAO approved the acquisition on with a 95% majority vote. Over 7.5 million veSTG tokens were cast by more than 15,000 addresses. As part of the agreement, the DAO was shut down, and governance will be moved to the LayerZero (ZRO) ecosystem.

The Stargate DAO has approved our acquisition of Stargate (STG).

We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.

LayerZero is better money technology.

Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV

— LayerZero (@LayerZero_Core) August 24, 2025

Stargate to shift to LayerZero control

Under the final agreement, Stargate stakers will receive 50% of protocol revenue for the next six months. The remaining 50% will be allocated toward LayerZero’s ZRO token buybacks, which will strengthen token value. Additionally, holders of STG tokens will be able to convert them into ZRO at a fixed exchange rate of 1 STG = 0.08634 ZRO, starting Monday, Aug. 25.

This is a structural change that aligns Stargate’s cross-chain liquidity infrastructure with LayerZero’s wider interoperability strategy as governance and operations move under the LayerZero umbrella.

Rival bids fail to sway Stargate vote

Gaining approval wasn’t an easy process. Because it terminated Stargate’s staking program and allegedly undervalued its strong revenue generation, LayerZero’s original proposal drew criticism from the community. Rivals were able to take advantage of this discontent, which led to a rare multi-protocol bidding war in decentralized finance.

Wormhole (W), Axelar (AXL), and Across Protocol joined the battle immediately, with Wormhole even offering an all-cash bid of $120 million with accelerated payouts for holders of Stargate tokens. Despite the higher offer, Stargate’s community ultimately stuck with LayerZero, emphasizing strategic alignment over short-term gains.

Before being spun out as a DAO in 2022, LayerZero Labs initially incubated Stargate in 2021. LayerZero’s reacquisition of Stargate solidifies its ecosystem and improves its standing in the cross-chain messaging and liquidity space in a time when interoperability is still a major DeFi bottleneck,

Now that the acquisition is complete, focus is on how LayerZero will incorporate Stargate’s infrastructure and whether the move will provide long-term benefits to both ZRO holders and Stargate’s loyal supporters.





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