Stable, a blockchain backed by Bitfinex, integrates PayPal’s PYUSD stablecoin for fast financial transactions. Stable emerged from stealth in July after a $28 million seed funding round. The blockchain is designed for USDT and targets peer-to-peer payments and cross-border transactions, with real-dollar settlement and sub-second finality. The partnership aims to unlock new commerce-related use cases for PYUSD, which has a $1.4 billion market cap.

Read more at Cointelegraph: PayPal Ventures Backs Bitfinex-Linked Stablecoin Project