PayPal Ventures has invested in Stable to bring PayPal USD (PYUSD) to Stablechain, aiming to expand distribution and make global payments faster and cheaper, according to a blog post Monday. The investment amount was not disclosed.
Stable’s blockchain is built specifically for stablecoin transactions with sub-second finality and low fees, designed to address infrastructure issues that have slowed adoption. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold, and play a major role in cryptocurrency markets by providing payment infrastructure and facilitating international money transfers.
Both companies said the partnership will unlock new commerce use cases, particularly in emerging markets where dollar-based payments have the biggest impact. With PYUSD now live on Stablechain, the collaboration represents a step toward expanding stablecoins beyond crypto-native applications into everyday payments and financial products.
Tether’s USDT remains the world’s largest stablecoin, followed by Circle’s USDC.
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