PayPal Invests in Stablecoin-Focused Layer 1 ‘Stable’ to Boost PYUSD

Coinpedia 2 months ago 211

The post PayPal Invests in Stablecoin-Focused Layer 1 ‘Stable’ to Boost PYUSD ($1.00) appeared first on Coinpedia Fintech News

PayPal has invested in Stable, a Layer 1 blockchain focused on stablecoins, to boost the distribution, utility, and liquidity of its US dollar-backed stablecoin, PayPal USD (PYUSD). Stable will integrate PYUSD into its fast, low-cost network to support seamless commerce and financial transactions. The investment highlights PayPal’s commitment to expanding PYUSD adoption across multiple blockchains and unlocking new payment and commerce use cases worldwide.

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