Payment Giant PayPal Invests In L1 Stable To Expand PYUSD’s Utility

PayPal has invested in Stable, a stablecoin-focused blockchain. The move is the latest step by the payment settlement company in further exploring the digital asset space. The move allows PayPal’s own stablecoin, PayPal USD ($PYUSD), to be used on Stable’s network for payments and financial transactions.