Stable, a layer 1 blockchain built for stablecoin payments, announced that PayPal USD (PyusD) can now be used at the Stablechain for trade and financial transactions. PayPal Ventures also invested in the latest financing round in Stable.
The integration uses Layerzero’s cross-chain technology, so that pyusd can move between block chains and at the same time benefits from the rapid processing of stable and low costs. This setup is aimed at making it faster and more cost -effective.
Stable and PayPal will also explore future products to expand the use of Pyusd, including compatibility with cross-chain and on-frame/off-disaster solutions.
The announcement comes shortly after the stable has collected $ 28 million in seed financing, with the support of Bitfinex and Hack VC.
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