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PayPal’s Stablecoin PYUSD Launches on Stellar Blockchain

PayPal’s Stablecoin PYUSD Launches on Stellar Blockchain

According to PayPal Ventures, the strategic investment in Stable will accelerate PYUSD’s adoption through Stablechain, boosting cross-border commerce and unlocking new payment use cases with LayerZero interoperability.

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Fact Check
The statement is strongly supported by multiple credible sources. While initial reports from early June 2025 refer to the launch as a 'plan,' later evidence from July 2025, including from Coindesk and a press release from Visa, confirms that PYUSD is available on the Stellar blockchain. A tweet from Stellar's official account on June 12, 2025, also refers to the 'launch,' corroborating that the event has taken place.
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Summary

PayPal has officially announced an investment in Stable, a layer-1 blockchain platform, to expand the reach of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). Stable will integrate PYUSD into its Stablechain, enabling commerce and financial transactions while leveraging PayPal’s expertise. The integration uses LayerZero interoperability to deliver reduced fees, near-instant settlement, and cross-chain compatibility. According to PayPal’s David Weber, the move is expected to unlock new commerce-related use cases and drive adoption within the financial ecosystem. Stable previously raised $28 million in seed funding with backing from Bitfinex and Hack VC.

Terms & Concepts
  • PYUSD: PayPal’s U.S. dollar-backed stablecoin designed for payments and digital asset transactions.
  • Stablechain: A layer-1 blockchain developed by Stable, designed for fast, low-cost financial transactions using stablecoins.
  • LayerZero: An interoperability protocol enabling cross-chain compatibility, faster settlement, and reduced transaction costs.