PayPal Ventures has invested in Stable, a Layer 1 blockchain network focused on stablecoins, to enhance the issuance, utility, and liquidity of PayPal's stablecoin, PYUSD. This strategic move will allow users to conduct commercial and financial transactions using PYUSD on the Stable chain.
Stable plans to integrate PYUSD into its network, utilizing its recent LayerZero integration to enable cross-chain interoperability. This will facilitate new use cases for PYUSD across various blockchain ecosystems. Additionally, Stable and PayPal are set to explore new product developments around payments and stablecoin utility in the coming months.
PayPal Ventures Invests in Stablecoin Network to Boost PYUSD Utility
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