PayPal Invests in Tether-Backed Stablecoin Project Stable
PayPal Ventures’ investment in Stable aims to expand PYUSD usage through Stablechain, enhancing global payments with low fees and new opportunities for cross-border transactions.
USDT
USDC
PYUSD
Summary
PayPal Ventures has invested in Stable to integrate PayPal USD (PYUSD) into Stablechain, focusing on low-cost, fast transactions. The partnership is designed to address infrastructure limitations and expand PYUSD's use in global payments. Tether’s USDT and Circle’s USDC remain dominant, but the integration with Stablechain could drive adoption in emerging markets, pushing stablecoins beyond crypto ecosystems. Stablecoin adoption and the expansion of PYUSD to more users will be supported by PayPal’s digital assets experience.
Terms & Concepts
- Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to minimize volatility.
- PYUSD: PayPal’s U.S. dollar-pegged stablecoin, launched with Paxos in 2023, designed for digital payments and blockchain integration.
- Stablechain: A blockchain developed by Stable, optimized for stablecoin transactions with sub-second finality and low fees.