PayPal Ventures will invest in Stable, a new Layer 1 blockchain network designed for Stablecoin-based payments, and will also allow for unauthorized use of PayPal USD (PYUSD) on the platform.
The announcement is part of PayPal’s ongoing efforts to expand PYUSD reach across multiple ecosystems. Issued by Paxos Trust Company, pegged 1:1 to US dollars, and PYUSD can now be used directly for commercial and peer-to-peer payments on Stablechain.
Stable said the integration will leverage Layerzero technology for cross-chain interoperability, allowing PYUSD to access across different networks. The company also plans to develop on-ramp and off-ramp for stubcoin, focusing on emerging markets where dollar-backed transactions are in high demand.
Stable’s recently appointed CTO Sam Kazemian described the collaboration as a step towards reducing global payment friction. “Our team is in line with the clear benefits that digital asset implementation can bring to consumers and will help bring the next real advancement in cross-border trading,” Casemian said.
PayPal has framed the move as part of its strategy to build practical Stablecoin use cases. Please note that Stable’s fee structure and payment speed are commercially suitable. Amman Bhasin, a partner at PayPal Ventures, suggests that the investment reflects its focus on real-world adoption in underserved regions. Stable recently closed its $28 million seed round with participation from Bitfinex and Hack VC, and outlined its 2025 development roadmap.
