Aptos Labs has confirmed a strategic partnership with PayPal, becoming the official Move-based blockchain launch partner for PYUSD0, a cross-chain, permissionless version of PayPal's dollar-pegged stablecoin, PYUSD. The collaboration, announced via an X post from Aptos Labs, leverages LayerZero's Omnichain Fungible Token (OTF) standard and the Stargate bridge to enable seamless transfers of PYUSD0 into the Aptos ecosystem.
The alliance aims to combine PayPal's regulatory credibility and global payment network with Aptos's high-speed, low-cost blockchain infrastructure to drive the use of stablecoins in everyday transactions such as remittances, peer-to-peer transfers, and online commerce. Aptos Labs highlighted that its network, which already handles $70 billion in monthly stablecoin volume, provides the ideal rails for scaling real-world payments.
PYUSD0 is designed to be interoperable across multiple blockchains, starting with Tron and now expanding to Aptos. This integration allows developers on Aptos to embed PYUSD0 into decentralized finance (DeFi) protocols, wallets, payment applications, and gaming ecosystems, offering users near-instant transactions and greater flexibility.
In a related development, South Korea's leading exchange, Upbit, has integrated support for Tether (USDT) on the Aptos network, enabling deposits and withdrawals starting June 18, 2025. This upgrade provides Upbit users with a more efficient, cost-effective alternative to Ethereum and Tron for stablecoin transactions, capitalizing on Aptos's high-throughput architecture.
The news comes amid significant stablecoin activity across the industry. Data from CryptoQuant reveals that USDT transfer volume on the Tron network reached a record $694.54 billion in May 2025, with whales accounting for approximately $411 billion of that volume, underscoring growing institutional adoption of cost-effective blockchain solutions for large-scale transfers.
