Stable integrates PayPal USD to expand financial transactions

Core Insights - Stable, a layer 1 blockchain network, has integrated PayPal USD (PYUSD) to enhance commerce and financial transactions on its platform [1] - The integration aims to provide permissionless use of PYUSD, expanding its distribution, utility, and liquidity [1] Group 1: Integration and Technology - The integration leverages LayerZero's technology for a seamless cross-chain experience, offering ultra-fast processing speeds and reduced fees for near-instant transaction finality [2] - This collaboration is expected to unlock new commerce-related use cases for PYUSD across various blockchain ecosystems [4] Group 2: Strategic Commitment and Investment - PayPal's PYUSD Ecosystem head emphasized the commitment to expanding PYUSD's utility across multiple blockchain ecosystems and driving adoption [3] - PayPal Ventures has invested in Stable, highlighting the potential impact of reliable, dollar-based payments in emerging markets [5] Group 3: Leadership and Funding - Stable has recently closed a $28 million seed funding round, attracting investments from notable crypto investors [6] - The company has strengthened its executive team with new hires, including co-CEO Brian Mehler and CTO Sam Kazemian [5][6]