Stable, the layer 1 blockchain network powered by USDT and designed to achieve seamless financial transactions through stablecoins, today announced that users will be able to utilize PayPal USD (PYUSD), a stablecoin issued by PayPal and pegged 1:1 to the US Dollar, for commerce and financial transactions on the Stablechain. Additionally, PayPal Ventures, the global venture arm of PayPal, has invested in Stable’s latest funding round.
“PayPal has long been known as one of the most feature-rich, flexible, and intuitive digital platforms for fiat currency transfers, with decades of experience delivering fast and reliable access to peer-to-peer payments across the globe,” said Sam Kazemian, the recently announced CTO of Stable. “Our teams are aligned on the clear benefits that digital asset implementation can bring for consumers, making them a perfect fit to help us bring about the next true advancement in cross-border transactions. We are incredibly excited to begin working alongside their experienced team and drive this innovative vision and cannot wait to see what we build together.”
Stable’s integration of PYUSD into the Stablechain will use LayerZero’s recent integration to bridge blockchains programmatically. The combination of Stable’s ultra-fast network processing speeds and reduced fee structure provides for near instant finality along with economics that are beneficial for use in commerce related transactions.
Stable will also explore efforts to provide cross-chain compatibility and onramp/offramp capabilities for PYUSD, unlocking new use cases for the stablecoin across different blockchain ecosystems. Stable and PayPal have also agreed to explore potential future products developed around payments and stablecoin utility in the coming months.
IMPORTANT DISCLOSURES
This press release is for informational purposes only and is not intended as financial, investment, or other advice. The use and exchange of digital assets, including stablecoins such as PYUSD, may involve complex risks, including but not limited to:
- Network & Custody Risks: Transactions on blockchains – and the blockchains themselves – are subject to a range of operational, technological, and security risks. Users are responsible for safeguarding their private keys and/or working with reputable custodians/wallet providers; loss of access may lead to the permanent loss of funds.
- Third-Party Reliance: Digital assets rely on third-party blockchain software and network infrastructure. Neither PayPal nor Paxos Trust Company, LLC (“Paxos”) has control over blockchain networks and is not liable for any blockchain’s performance, security, or ongoing availability.
- Redemption and Market Risk of Fiat-Backed Stablecoins: U.S. dollar- backed stablecoins that are regulated by the New York State Department of Financial Services, are designed to maintain a stable value of one U.S. dollar per token. Individuals or entities with direct redemption access via PayPal, Paxos or authorized partners are guaranteed to convert PYUSD 1:1 for US dollars. All other parties may be limited to selling PYUSD at market prices.
- Regulatory Uncertainty: Regulatory frameworks for digital assets are evolving. Availability or legality of digital asset services may change without notice, and services may be restricted, suspended, or terminated in certain jurisdictions as required by law or regulation.
- No FDIC/SIPC Protection: Digital assets, including PYUSD, are not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).
- Terms & Conditions: Use of PYUSD is subject to Paxos and PayPal’s Terms & Conditions, including disclaimers on liability and user responsibilities. Transactions are irreversible once recorded on the blockchain. You are advised to review and understand all applicable terms.
- Service Availability & Illegal Activity: PYUSD and related payment services may be suspended or terminated due to events or investigations involving illegal activity, system failure, or other factors beyond PayPal’s control.
- Forward-Looking Statements: Statements in this press release regarding potential product features, expansion plans, and regulatory outcomes are forward-looking and subject to change. Actual results may differ materially due to known and unknown risks, uncertainties, and other factors.
Any materially new product or service requires approval from the New York State Department of Financial Services (NYDFS). As of September 8, 2025, the NYDFS has not provided any such approval.
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