PayPal Invests in Layer-1 Platform Stable to Boost PYUSD Adoption

PayPal Ventures has taken a strategic stake in Stable, a blockchain platform specializing in stablecoin infrastructure, as part of its push to expand the reach of PayPal USD (PYUSD). The $28 million funding round positions Stable to accelerate PYUSD integration for cross-border transactions and commerce.

Stablechain, the platform's layer-1 network, will serve as the backbone for PYUSD adoption. Sam Kazemian, Stable's CTO, emphasized the alignment between both companies' vision for digital asset implementation in consumer finance. The partnership leverages PayPal's payments expertise with Stable's technical infrastructure.

This move follows PayPal's aggressive crypto strategy over the past year, which included the launch of its native stablecoin. The collaboration signals growing institutional confidence in blockchain-based payment solutions, particularly for international remittances and settlements.