Bitfinex-backed Stable integrates PayPal’s PYUSD stablecoin

Stable, a Bitfinex-backed blockchain linked to Tether, announced PayPal Ventures’ support to bring the PayPal USD stablecoin onto its network.

Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal.

PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD) stablecoin onto the Stablechain, according to an announcement by Stable on Monday.

“This work with Stable reflects our commitment to expanding PYUSD’s utility across multiple blockchain ecosystems and driving adoption,” PYUSD ecosystem head David Weber said, highlighting Stable’s focus on fast and seamless financial transactions.

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