Stable, a Layer 1 blockchain built for stablecoin payments, announced that PayPal USD (PYUSD) can now be used on the Stablechain for commerce and financial transactions. PayPal Ventures also invested in Stable’s latest funding round.
The integration leverages LayerZero’s cross-chain technology, allowing PYUSD to move between blockchains while benefiting from Stable’s fast processing and low fees. This setup is aimed at making stablecoin payments faster and more cost-effective.
Stable and PayPal will also explore future products to expand the use of PYUSD, including cross-chain compatibility and onramp/offramp solutions.
The announcement comes shortly after Stable raised $28 million in seed funding, with support from Bitfinex and Hack VC.
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