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Stable, a digital payment-focused blockchain developed with support from Bitfinex
$490.7M
, is preparing to add PayPal’s PYUSD to its platform.
PayPal’s David Weber explained that this decision aims to extend PYUSD’s functionality, especially within systems designed for fast and easy money transfers.
Stable fits this model well, as it is built to handle peer-to-peer transactions, remittances, and cross-border payments.
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Unlike many other platforms, Stable was built to work with Tether
$1.00
. According to its website, Stable allows transactions that settle in under a second, with no gas fees when sending funds between users.
In this system, USDT is used to cover transaction fees, which removes the need to manage more volatile tokens for transferring stablecoins.
The platform also supports USDT0, a multi-chain liquidity token introduced by Everdawn Labs. This additional connection is highlighted in both Stable’s social media and website content.
For PayPal, adding PYUSD to Stable is about reaching new regions and supporting real-world use. Weber noted that the focus is on building use cases around everyday business and commerce.
Amman Bhasin of PayPal Ventures added that Stable’s focus on emerging markets makes it a promising partner. In these regions, stable, dollar-based payments can help bridge gaps in financial access and reliability.
On September 18, PayPal extended the reach of PYUSD by making the stablecoin available on eight more blockchain networks. What are they? Read the full story.
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