TechFlow news, September 22 — According to PRNewswire, Stable, a stablecoin-focused Layer1, announced that PayPal Ventures has made a strategic investment in its latest funding round. Users will be able to use PayPal USD (PYUSD) for commercial and financial transactions on the Stablechain.
Stable will integrate PYUSD into its blockchain network via LayerZero's integration, leveraging Stable's ultra-fast network speed and reduced fee structure to deliver near-instant finality and an economic model favorable for commercial transactions. The two parties will also explore providing cross-chain compatibility and deposit/withdrawal capabilities for PYUSD, unlocking new use cases for the stablecoin across different blockchain ecosystems.
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