PayPal has announced an investment in the stablecoin Layer 1 project Stable.

BlockBeats News, September 22nd, according to official sources, Stable, a Layer 1 project focusing on USDT, announced that users will be able to use PayPal USD (PYUSD, a stablecoin issued by PayPal pegged 1:1 to the US Dollar) for commercial and financial transactions on the Stable Chain to expand the distribution, utility, and liquidity of PayPal USD. Additionally, PayPal's global venture capital division, PayPal Ventures, has invested in Stable's latest funding round.

BlockBeats Note: Stable has a close strategic and technical relationship with Tether (the issuer of USDT). Stable is not a subsidiary of Tether, but it is an important part of the Tether ecosystem, aimed at optimizing the efficiency of USDT usage.