Price outlook for ZRO as PayPal expands PYUSD to additional chains through LayerZero

Price outlook for ZRO as PayPal expands PYUSD to additional chains through LayerZero

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PayPal is expanding the reach of its stablecoin, PayPal USD (PYUSD), to nine additional blockchains through a new partnership with LayerZero. This move comes as LayerZero’s ZRO token experiences slight increases, emphasizing the growing interconnectivity within the blockchain ecosystem.

Partnership between LayerZero and PayPal to Launch PYUSD on Nine New Blockchains

LayerZero, a leading interoperability protocol, has joined forces with PayPal to enhance the availability of PYUSD across multiple blockchain networks. According to a recent blog post by LayerZero, the collaboration utilizes its infrastructure to combine real-world payment support with PYUSD’s liquidity.

Initially launched on Ethereum, PYUSD has since expanded onto Solana and Arbitrum. With this latest collaboration, the stablecoin will now be accessible on nine additional blockchain networks, including Tron, Avalanche, Aptos, Ink, Sei, and Stable.

This expansion is facilitated by Stargate Hydra, a transitioning platform employing the Omnichain Fungible Token (OFT) standard from LayerZero, ensuring compliant and permissionless token deployment from the outset. PayPal is executing this expansion through PYUSD0.

“As the stablecoin market continues to expand quickly beyond $270 billion, innovations like this are crucial for creating the transparent and interoperable financial infrastructure that users and developers demand. By working together, we will enable PYUSD to reach new markets faster while maintaining compliance and composability from day one,” stated David Weber, Head of Ecosystem at PayPal USD.

ZRO Price Outlook Amid Major Integrations for LayerZero

The integration of LayerZero’s technology with major players like PayPal could drive increased interest in the ZRO token. Recent developments, including the launch of Stargate Fast Swaps, highlight LayerZero’s ambition to dominate the cross-chain swaps market.

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The Fast Swaps feature, delivering quotes in under a second and guaranteed pricing with execution within a second, has been developed in collaboration with Aori and powered by LayerZero’s messaging capabilities. Proceeds generated from Fast Swaps will be used for ZRO buybacks, potentially impacting the token’s market dynamics.

As LayerZero continues to integrate with significant projects, the value of the ZRO token may see benefits from increased utility and demand. Following the announcement of the PayPal USD integration, the token surged to nearly $2.10, and although bullish investors could not maintain these gains, the price remains well-positioned for potential upward movement.

Bulls may aim for a target of $3.20 before a prolonged rally could push the price to $7.14. Conversely, key levels to watch may include the March 2025 lows of $1.50.

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