(24 September 2025 – United States) PayPal has disclosed a strategic investment in a new stable-focused layer 1 blockchain, marking a major step in the group’s rapid Web3 expansion.
PayPal’s investment in Stable’s layer 1 blockchain network for stablecoin transactions was announced amid Stable’s US$28 million seed funding round, with participation from Bitfinex and Hack VC.
Stable users will be enabled to use PayPal’s PYUSD stablecoin for commerce and financial transactions on the Stablechain.
“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” commented PayPal PYUSD Ecosystem Head, David Weber.
“The move signals PayPal’s deepening interest in blockchain infrastructure beyond payments, aiming to support faster, more secure, and programmable financial transactions. By backing a base layer network rather than just applications, PayPal positions itself closer to the backbone of future digital finance” commented Fintech Wrap-Up Founder, Sam Boboev.
“This could pave the way for new on-chain payment solutions, cross-border efficiencies, and stablecoin-powered commerce. The investment also underscores PayPal’s intention to remain a leader in the convergence of traditional payments and crypto infrastructure. As regulators worldwide tighten scrutiny, PayPal’s blockchain bets may also shape industry standards.”