PayPal has made a strategic investment in Stable, a blockchain platform focused on stablecoins, as part of its plan to expand the reach and utility of its own stablecoin, PayPal USD (PYUSD). Through this partnership, PYUSD will be integrated into Stable’s network, enabling easier cross-border payments and broader adoption across multiple blockchain ecosystems.
PayPal Ventures, the company’s investment arm, took part in Stable’s latest funding round. Stable’s blockchain, Stablechain, is designed for seamless stablecoin settlements, using USDT as its native gas token. This infrastructure supports peer-to-peer transfers, international remittances, and global payment transactions. By partnering with Stable, PayPal aims to strengthen real-world use cases for PYUSD while also preparing to allow merchants to accept over 100 different cryptocurrencies for payments.
PYUSD remains fully backed 1:1 with the U.S. dollar and is issued by Paxos Trust Company, with reserves secured by U.S. Treasuries and cash equivalents. The partnership will make transferring PYUSD between networks easier, expanding its role in everyday financial activity.
Executives from both companies stressed the importance of this collaboration. Sam Kazemian, CTO of Stable, said that combining PayPal’s expertise in fiat payments with blockchain innovation is a powerful step toward advancing digital transactions. David Weber, Head of PYUSD Ecosystem at PayPal, highlighted that the integration will extend PYUSD’s utility across Bitcoin, Ethereum, and other major blockchain systems.
Amman Bhasin, a partner at PayPal Ventures, added that the investment targets emerging markets where stablecoins can drive adoption and scale rapidly through trusted distribution channels. Stable recently secured $28 million in seed funding from backers including Bitfinex and Hack VC, while also bringing in new leadership such as co-CEO Brian Mehler and CTO Sam Kazemian.
This move reflects a growing trend of partnerships between payment giants and blockchain firms as they work to expand the role of cryptocurrencies in global commerce and financial services.
