PayPal Ventures Invests in Stable

PayPal Ventures has invested in Stable, a new layer 1 blockchain network designed for stablecoin-based payments, facilitating permissionless use of PayPal USD (PYUSD) on the platform.

The announcement is part of PayPal’s ongoing effort to extend PYUSD’s reach across various ecosystems. Issued by Paxos Trust Company and pegged 1:1 to the U.S. dollar, PYUSD can now be utilized for commerce and peer-to-peer payments directly on Stablechain.

Stable stated that the integration will utilize LayerZero technology for cross-chain interoperability, making PYUSD accessible across diverse networks. The firm also plans to develop onramps and offramps for the stablecoin, particularly targeting emerging markets where dollar-backed transactions are highly demanded.

Sam Kazemian, Stable’s recently appointed CTO, described the collaboration as a significant step toward reducing friction in global payments. He stated, “Our teams are aligned on the clear benefits that digital asset implementation can bring for consumers, making them a perfect fit to help us bring about the next true advancement in cross-border transactions.”

PayPal framed this move as part of a strategy to build practical stablecoin use cases, pointing out that Stable’s fee structure and settlement speed make it particularly suited for commerce. Amman Bhasin, partner at PayPal Ventures, suggested that the investment reflects a focus on real-world adoption in underserved regions. Stable recently closed a $28 million seed round with participation from Bitfinex and Hack VC, outlining a development roadmap for 2025.