TL;DR
- PayPal Ventures has invested in Stable, a layer-one blockchain, and integrated PYUSD for payments, transfers, and commerce in emerging markets.
- The integration allows PYUSD to be used freely across different networks, with fast transactions and low fees.
- Stable closed a $28 million seed round and plans to develop onramps and offramps for PYUSD, aiming to expand its adoption and global utility.
PayPal Ventures invested in Stable, a layer-one blockchain focused on stablecoin payments, and the platform will integrate PYUSD in a direct, permissionless manner.
Expanding PYUSD’s Presence
This collaboration aims to extend PYUSD’s reach and facilitate its adoption in emerging markets and across multiple blockchain networks. The stablecoin, issued by Paxos Trust Company and pegged 1:1 to the U.S. dollar, can now be used for commercial payments and peer-to-peer transfers directly on the Stable network.
The integration will leverage Stable’s cross-chain interoperability technology, making PYUSD accessible across different networks. The company also plans to develop onramps and offramps for the stablecoin, focusing on markets where dollar-backed payments are in high demand. Reduced fees and fast transaction speeds allow PYUSD to operate efficiently for commerce and international remittances.
PayPal Seeks to Expand in Underserved Regions
Sam Kazemian, recently appointed CTO of Stable, emphasized that the partnership aims to reduce friction in global payments and that digital asset implementation provides clear benefits for consumers. Amman Bhasin of PayPal Ventures stated that the investment reflects a focus on real-world adoption in underserved regions, where reliable dollar payments can have a significant impact. The company recently closed a $28 million seed round with participation from Bitfinex and Hack VC, and unveiled a 2025 development roadmap.
Using PYUSD on Stable will enable users to conduct fast and cost-effective transactions, access cross-chain payments, and take advantage of new opportunities in decentralized finance. The combination of Stable’s ultra-fast infrastructure with PayPal’s expertise in traditional payments will expand the use cases for stablecoins in commerce, remittances, and financial applications.
The partnership will provide users with reliable tools to manage digital dollars safely, quickly, and accessibly, positioning PayPal and PYUSD for sustainable growth
