PayPal invests in Stablecoin, a L1 blockchain network focused on stablecoins, to expand the issuance, utility, and liquidity of PYUSD

Stable, the USDT-powered Layer 1 blockchain network, announced that users will be able to use PayPal’s stablecoin, PYUSD, for commercial and financial transactions on the Stable chain. Furthermore, PayPal Ventures, the global venture capital arm of PayPal, participated in Stable’s latest funding round.