PayPal Ventures Invests in Stable to Enhance Global Payments
- PayPal Ventures has invested in Stable to integrate PayPal USD (PYUSD) with Stablechain, aiming for faster and cheaper global payments.
- Stable's blockchain is optimized for stablecoin transactions with sub-second finality and low fees, addressing infrastructure challenges.
- The investment amount remains undisclosed.
- Stablecoins like Tether's USDT and Circle's USDC are essential in cryptocurrency markets for payment infrastructure and international money transfers.
- The partnership seeks to unlock new commerce applications, especially in emerging markets where dollar-based payments are impactful.
- Introducing PYUSD on Stablechain is a step toward extending stablecoin usage beyond crypto-native environments into everyday financial products.
