PayPal’s Digital Dollar Lands on Stablechain in Strategic Expansion

Last Updated on September 23, 2025

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The logo of PYUSD on a smartphone. Source: ShinoStock - stock.adobe.com

Key Takeaways:

  • Stable has integrated PayPal USD (PYUSD) into its blockchain, supported by a strategic investment from PayPal Ventures.
  • Stable is a Bitfinex-backed layer-1 chain built for stablecoin-focused financial transactions, using USDT as its native gas token.
  • PYUSD’s integration and investment aim to expand its adoption, especially in emerging markets with demand for reliable dollar-based payments.

Stable, a blockchain project backed by Bitfinex and closely tied to Tether, has announced the integration of PayPal USD (PYUSD) into its network, supported by a strategic investment from PayPal Ventures.

The move aims to expand PYUSD’s utility across blockchain ecosystems, with PayPal executives emphasizing the importance of driving adoption through faster, seamless financial transactions.

Stable, which raised $28 million in July from Bitfinex and Hack VC, is a layer-1 blockchain built for stablecoins.

Its design centers on efficiency in peer-to-peer payments, remittances, and cross-border transfers.

The network highlights features such as real-dollar settlement, sub-second transaction finality, and gas-free transfers using Tether’s USDT as the native gas token.

In addition to USDT, Stable is linked to USDT0, a cross-chain liquidity stablecoin developed by Everdawn Labs, though it remains unclear which serves as the default gas token.

PayPal Ventures said its investment reflects a focus on emerging markets where dollar-based payments can have the greatest impact.

Launched in 2023 with Paxos, PYUSD has grown to a market cap of about $1.4 billion, ranking as the 11th largest stablecoin by CoinGecko data.

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