PayPal Ventures has made a strategic investment in Stable, a Layer 1 blockchain platform, to integrate PayPal USD (PYUSD) into Stablechain. This move aims to expand PYUSD's distribution and enhance its utility for global payments, making transactions faster and cheaper. The investment size was not disclosed, but it focuses on leveraging Stable's blockchain, which offers sub-second finality and low fees designed to address infrastructure bottlenecks in stablecoin adoption.
Stable's blockchain is built specifically for stablecoin transactions, and the partnership will utilize cross-chain technology like LayerZero to improve interoperability. PYUSD will now be accessible across 13 blockchains, boosting liquidity and positioning it as a stronger competitor to established stablecoins like Tether's USDT and Circle's USDC. The collaboration targets emerging markets where dollar-based payments can have significant impact, unlocking new commerce use cases.
According to Sam Kazemian, CTO of Stable, the synergy between PayPal's payment infrastructure and Stable's focus on real-world adoption will drive advancements in cross-border transactions. This investment reflects PayPal's commitment to deeper stablecoin integration, with immediate effects including increased PYUSD circulation and utility. Historically, similar partnerships have accelerated stablecoin adoption, and this step is expected to influence global stablecoin dynamics while aligning with evolving regulatory standards.
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