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PayPal’s PYUSD Joins Stable’s No-Fee Blockchain Network

Key Takeaways

  • ​Stable, a blockchain supported by Bitfinex, is integrating PayPal’s PYUSD to support faster and easier digital payments;
  • The platform is designed for quick peer-to-peer transfers with no gas fees, using USDT to simplify stablecoin transactions;
  • The integration supports PYUSD’s goal of enabling fast, simple, real-world transactions.

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PayPal’s PYUSD Joins Stable’s No-Fee Blockchain Network

Stable, a digital payment-focused blockchain developed with support from Bitfinex $438.41M , is preparing to add PayPal’s PYUSD to its platform.

PayPal’s David Weber explained that this decision aims to extend PYUSD’s functionality, especially within systems designed for fast and easy money transfers.

Stable fits this model well, as it is built to handle peer-to-peer transactions, remittances, and cross-border payments.

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Unlike many other platforms, Stable was built to work with Tether USDT $1.00 . According to its website, Stable allows transactions that settle in under a second, with no gas fees when sending funds between users.

In this system, USDT is used to cover transaction fees, which removes the need to manage more volatile tokens for transferring stablecoins.

The platform also supports USDT0, a multi-chain liquidity token introduced by Everdawn Labs. This additional connection is highlighted in both Stable’s social media and website content.

For PayPal, adding PYUSD to Stable is about reaching new regions and supporting real-world use. Weber noted that the focus is on building use cases around everyday business and commerce.

Amman Bhasin of PayPal Ventures added that Stable’s focus on emerging markets makes it a promising partner. In these regions, stable, dollar-based payments can help bridge gaps in financial access and reliability.

On September 18, PayPal extended the reach of PYUSD by making the stablecoin available on eight more blockchain networks. What are they? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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