PayPal Ventures has invested in Stable, a new layer 1 blockchain network designed for stablecoin-based payments, while also enabling permissionless use of PayPal USD (PYUSD) on the platform.

The announcement is part of PayPal’s ongoing effort to extend PYUSD’s reach across multiple ecosystems. Issued by Paxos Trust Company and pegged 1:1 to the U.S. dollar, PYUSD can now be used for commerce and peer-to-peer payments directly on the Stablechain.

Stable said the integration will leverage LayerZero technology for cross-chain interoperability, making PYUSD accessible across different networks. The firm also plans to develop onramps and offramps for the stablecoin, with a focus on…

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