PayPal has announced a strategic partnership with Stable, a newly launched Layer-1 blockchain designed specifically for stablecoin transactions. The deal includes an investment from PayPal Ventures and the integration of PayPal’s own stablecoin PYUSD into the Stablechain ecosystem, according to a joint press release published on September 22.
Details of the partnership
With the integration, users will be able to employ PYUSD for both commercial and financial transactions within the Stablechain network. The connection will be powered by LayerZero’s cross-chain bridge technology, enabling seamless movement of assets across blockchains.
Stable’s representatives emphasized that combining their fast, low-fee infrastructure with PayPal’s global payments expertise could create a “new breakthrough in cross-border transactions.”
Background and market context
Stable recently emerged from stealth mode and secured $28 million in seed funding, backed by investors including Bitfinex and Hack VC. While its native gas token remains USDT, the addition of PYUSD marks a significant expansion of its ecosystem and signals PayPal’s intent to strengthen its role in the rapidly growing stablecoin market.
Industry analysts note that this partnership underscores the growing convergence of traditional payment companies with blockchain-native infrastructure, as the global market for stablecoins continues to push toward mass adoption.
Information link: minfin.