PayPal announced the integration of its stablecoin PayPal USD (PYUSD) into the Stable blockchain, aimed at increasing the asset’s liquidity and expanding its applications in commerce and cross-border payments.
PayPal Ventures, the payment giant’s venture arm, disclosed strategic investments as part of Stable’s latest funding round, a Layer 1 blockchain network designed specifically for stablecoins, and the integration of PayPal USD (PYUSD) into the network.
According to David Weber, Head of the PYUSD ecosystem at PayPal, the company aims to increase the stablecoin’s utility across different blockchain ecosystems and open new practical use cases. Integration with the Stable blockchain will allow users to utilize the digital asset more widely for payments and financial operations.
The integration is based on LayerZero solutions and includes cross-chain compatibility, as well as the development of on-ramp and off-ramp services for PYUSD. This approach, Weber noted, will simplify commerce payments and improve the stablecoin’s accessibility for international transfers.
Sam Kazemian, CTO of Stable, highlighted that combining efforts with PayPal will accelerate stablecoin adoption within global financial infrastructure. He also emphasized that PayPal’s extensive experience in providing fast and reliable peer-to-peer payments worldwide will serve as a foundation for Stable to achieve new breakthroughs in cross-border transactions.
Recently, PayPal introduced an expanded version of PYUSD, providing access to blockchains including Abstract, Aptos, Avalanche, Ink, Sei, Stable, TRON, as well as Berachain and Flow.
Сообщение PayPal Expands Use Cases for PYUSD Stablecoin появились сначала на CoinsPaid Media.
