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Stable Integrates PayPal’s PYUSD After Strategic Investment - Unchained
Bitfinex-backed Stable, a layer 1 blockchain designed for stablecoin-based payments, has integrated PayPal’s USD stablecoin (PYUSD) onto its Stablechain network.
The integration follows a strategic investment made by PayPal Ventures, as the payments firm looks to expand PYUSD’s utility across blockchain ecosystems.
This story is an excerpt from the Unchained Daily newsletter.
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Stable has a close relationship with Tether and its blockchain has been specifically designed around the USDT stablecoin, which also serves as the native gas token.
“Now, with PayPal’s trust and scale, the potential of stablecoins can reach mainstream adoption faster than ever before,” said Stable in a statement.