Stable Adds PayPal’s PYUSD to Its Blockchain, With Backing From PayPal Ventures
The stablecoin wars just got more interesting. Stable, the layer 1 blockchain network already powered by USDT, announced today that it will integrate PayPal USD (PYUSD)—PayPal’s regulated, dollar-backed stablecoin—into its network. The move brings PayPal’s digital dollar into a blockchain built specifically for stablecoin-powered payments, while PayPal Ventures is putting skin in the game with an investment in Stable’s $28 million seed round.
