PayPal Ventures invests in Stable – PYUSD coming to Stablechain
PayPal Ventures has invested in the Layer 1 blockchain company Stable. The collaboration, announced on September 22, 2025, will integrate PayPal's stablecoin, PYUSD, into Stable's network, Stablechain. The stated purpose is to enable PYUSD for payments and other transactions directly on the network.
The project will use technology from LayerZero to facilitate the transfer of PYUSD between Stablechain and other blockchains. According to the companies, this framework is also intended to support the conversion process between fiat currencies and the PYUSD stablecoin. The Stablechain network is structured for commerce-related transactions, offering features such as fast settlement times and transaction fees with near-zero.
The companies also plan to explore future products focused on payments and stablecoin use. This indicates a long-term strategic partnership that extends beyond the current scope of integrating PYUSD.
The companies also plan to explore future products focused on payments and stablecoin use. This indicates a long-term strategic partnership that extends beyond the current scope of integrating PYUSD.
This announcement follows a recent $28 million seed funding round for Stable, which included investors such as Bitfinex and Hack VC. The company also appointed new leadership, with Brian Mehler named as Co-CEO and Sam Kazemian as Chief Technology Officer.
The PYUSD stablecoin is issued by Paxos Trust Company and is fully backed by U.S. dollar deposits, U.S. Treasuries, or equivalent cash assets. Its issuance and custody are regulated by the New York State Department of Financial Services.
Stablechain charges transaction fees in USDT, unlike models using volatile native tokens. The network supports remittances, P2P transfers, and commerce.
The PYUSD stablecoin is issued by Paxos Trust Company and is fully backed by U.S. dollar deposits, U.S. Treasuries, or equivalent cash assets. Its issuance and custody are regulated by the New York State Department of Financial Services.
Stablechain charges transaction fees in USDT, unlike models using volatile native tokens. The network supports remittances, P2P transfers, and commerce.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
Recommended