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New investment from PayPal to the crypto world
The company Stable, established to enable fast and seamless transactions regarding stable coins, has also received investment from PayPal. However, no information has been provided on how much PayPal Ventures invested in Stable's latest funding round.
With the partnership established through investment, from now on, PayPal's stable coin, PayPal USD (PYUSD), will also be tradable on Stablechain.
Sam Kazemian, the technology manager of the Stable company, stated regarding the investment, "PayPal is one of the most widely used companies in the world for person-to-person money transfers and has the greatest experience... We are excited to work with them on the use of digital assets, especially in cross-border transactions."
###LayerZero will be used
Stable will launch PayPal's PYUSD using LayerZero infrastructure, known for bridging different blockchains. So, in fact, PYUSD will be compatible not only on Stablechain but also with other chains.
Stablechain is a chain known for its high transaction capacity and low transaction fees, and it stands out with Tether support.
As a reminder, PayPal took its first major step into the crypto world in October 2020, and a major bull season followed.
Recently, PayPal has also started allowing the sending of cryptocurrency to wallets outside the PayPal system. Previously, PayPal users could only send cryptocurrency to other PayPal and Venmo customers.
Published: September 22, 2025 16:52Last Updated: September 22, 2025 16:58