PayPal Ventures Invests in Stable to Expand PYUSD Reach

Core Insights - PayPal Ventures has invested in Stable to integrate PayPal USD (PYUSD) into Stablechain, aiming to enhance global payment efficiency and reduce costs [1] - Stable's blockchain is designed for stablecoin transactions, offering sub-second finality and low fees to address infrastructure challenges hindering adoption [1] - The investment amount has not been disclosed [1] Stablecoin Overview - Stablecoins are cryptocurrencies pegged to assets like the U.S. dollar or gold, playing a crucial role in cryptocurrency markets by providing payment infrastructure and facilitating international money transfers [2] - Tether's USDT is the largest stablecoin, followed by Circle's USDC, with both companies indicating that the partnership will create new commerce opportunities, especially in emerging markets where dollar-based payments are significant [2] PYUSD Integration - The launch of PYUSD on Stablechain signifies a move towards utilizing stablecoins for everyday payments and financial products, expanding their use beyond crypto-native applications [3]