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4h ago

PayPal Ventures Backs Stable to Bring PYUSD to Stablechain

The move seeks lower fees with sub‑second settlement for dollar‑based transfers to push PYUSD into everyday payments.

Paypal ventures invests in stable to expand pyusd reach
PayPal ramps up stablecoin push with investment in L1 Stable
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Overview

  • PayPal Ventures made a strategic investment in Stable as the companies work to integrate PayPal USD onto Stablechain via LayerZero interoperability.
  • Stable says its layer‑1 is built for stablecoin transactions with sub‑second finality and low costs to support peer‑to‑peer payments, remittances and merchant settlement.
  • Stable reported a $28 million seed round that included PayPal Ventures, Bitfinex and Hack VC to fund the network’s technical and commercial rollout.
  • The integration is intended to deliver near‑instant PYUSD transfers with cross‑chain compatibility plus on‑ramp and off‑ramp capabilities.
  • Stable positions its network to use USDT as the native gas token to simplify fees for digital dollar transactions, according to company materials and industry reports.