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PayPal invests in stablecoin-focused layer 1 'Stable'

Monday, September 22, 2025 — 18:21:55 (UTC)

NEW YORK, Sept. 22, 2025 /PRNewswire/ -- 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.

"This work with Stable reflects our commitment to expanding PYUSD's utility across multiple blockchain ecosystems and driving adoption. Stable's focus on fast, seamless financial transactions using stablecoins removes traditional friction points for users," said David Weber, Head of PYUSD Ecosystem, PayPal. "Together, we will unlock new commerce-related use cases for PYUSD, furthering adoption of stablecoins within the greater financial ecosystem."

"We're excited to invest in Stable because they're tackling the real frontier for stablecoins, the emerging markets where reliable, dollar-based payments can have the greatest impact. Their strategy of working with trusted distribution partners gives them a unique edge to scale quickly, grow real world adoption, and support the development of novel use cases", said Amman Bhasin, Partner at PayPal Ventures.

Since its emergence from stealth, Stable has announced four new executive hires, including their new Co-CEO Brian Mehler, as well as its new CTO Sam Kazemian. The announcement closely follows the close of Stable's $28 million seed funding round with participation from notable investors in the crypto space, including Bitfinex and Hack VC.

The company also recently unveiled its 2025 roadmap, with more updates on its development and rollout to be released over the coming months.

For more information about Stable, including technical documentation and more details around its 2025 roadmap, please visit: stable.xyz/

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.

About Stable Stable is a Layer 1 blockchain designed for seamless financial transactions, powered by USDT as the native gas token. Its design prioritizes usability, reducing friction for end users by eliminating the need for volatile tokens for transaction fees. Ideal for peer-to-peer payments, remittances, and cross-border transactions, Stable enables virtually instant settlement, enhances capital efficiency, and creates a user-friendly ecosystem for developers and users alike.

Media Contact: stable@mgroupsc.com

About PayPal USD PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Paxos is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.

Issuance and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more in PayPal's Cryptocurrency Terms, and in the Paxos Terms that also apply to PYUSD.

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Source: Company press release.

Categories: Announcement