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.