PayPal backs layer-1 blockchain Stable as part of its $28 million seed round, aiming to accelerate the adoption of its stablecoin, PYUSD.
PayPal Ventures has made a strategic investment in Stable, a newly launched layer-1 blockchain purpose-built for stablecoin payments. The investment was part of Stable’s $28 million seed funding round, which also included contributions from Bitfinex and Hack VC. As a result of the partnership, PayPal’s stablecoin, PYUSD, is now live on Stablechain, enabling broader distribution and positioning it for expanded use in commerce and cross-border payments.
Since its introduction in 2023, PayPal USD (PYUSD) has steadily grown beyond Ethereum and into other blockchain ecosystems. PayPal has emphasized a strategy of making PYUSD available across multiple chains to increase its accessibility and liquidity. With Stablechain integration, PYUSD enters a network designed specifically for stablecoin transactions, enhancing its utility in both traditional commerce and emerging financial applications.
Stablechain allows PYUSD to operate permissionlessly, opening the door for developers, businesses, and fintech applications to integrate the stablecoin into payment systems, decentralized finance platforms, and merchant services. This is expected to drive faster, cheaper, and more transparent transactions compared to legacy payment systems, aligning with PayPal’s broader vision of creating efficient, blockchain-enabled payment infrastructure.
The move comes at a time when global demand for stablecoins continues to rise. According to recent market data, stablecoins now facilitate trillions of dollars in annual on-chain settlement, with increasing adoption in remittances, e-commerce, and decentralized finance. PayPal’s decision to expand PYUSD’s reach through Stablechain strengthens its position in a highly competitive market where companies are racing to define the next era of digital payments.
Stable was founded with the goal of building blockchain infrastructure optimized for stablecoin payments rather than speculative trading. Its architecture emphasizes low fees, high throughput, and scalability, making it particularly suitable for global payment flows. The chain aims to solve pain points around speed and cost that have limited stablecoin adoption in retail and institutional finance.
The $28 million seed round, led by investors including PayPal Ventures, Bitfinex, and Hack VC, is seen as a vote of confidence in Stable’s approach to stablecoin-first infrastructure. Industry analysts suggest the backing provides both the capital and credibility needed to attract further adoption and developer activity.
For PayPal, the investment underscores its shift toward embracing blockchain and digital currency solutions. The company has consistently expanded PYUSD’s ecosystem to include new networks, wallets, and payment platforms. By investing directly in a layer-1 blockchain optimized for stablecoins, PayPal signals its intent to play a central role in shaping the future of on-chain finance.
