Why We Invested in Stable

By Amman Bhasin

At PayPal Ventures, we believe crypto rails represent a platform shift for financial services—one as transformative as the impact of mobile and cloud on technology. Stablecoins are the first instrument to demonstrate these structural advantages to a mainstream audience, and it’s no surprise that the financial services industry is starting to recognize their potential.

With over $270 billion in circulation and adoption accelerating across payments, remittances, and savings, stablecoins are rapidly becoming one of the most important building blocks of the digital financial system.

Yet despite this growth, most stablecoin transactions today settle on general-purpose blockchains not designed for payments. The result: higher fees, unpredictable settlement times, and friction for enterprise adoption. We believe purpose-built blockchains will present a compelling alternative—delivering the simplicity consumers expect from modern apps, while preserving the “superpowers” of crypto rails: global reach, programmability, and composability.

Why Stable

Stable is creating a Layer 1 blockchain purpose-built for stablecoins and real-world money movement. Unlike generalized smart contract platforms, Stable introduces:

• USDT as the native gas token, eliminating the friction of dual-token systems.
• Gas-free transfers, making payments as seamless as sending a message.
• Guaranteed blockspace, providing institutions with predictable access to throughput even during periods of high network activity.
• Enterprise-grade confidentiality, safeguarding transaction data with built-in privacy for large-scale adoption.
• Full EVM compatibility, so developers can build and scale with familiar tools.

The team has a clear vision for the requirements of consumers, enterprises, and developers. We believe these features will accelerate stablecoin adoption and help deliver dollar-based financial services to billions of people worldwide.

Why Distribution Matters

Scaling financial technology depends on distribution—getting products directly into the hands of consumers, merchants, and enterprises. Stable’s strategy reflects this reality.

Stablecoins exhibit some of the strongest network effects in crypto: liquidity, integrations, and on/off-ramps determine where users transact. History shows that adoption follows distribution—networks that embed deeply into exchanges, wallets, and payment flows capture the lion’s share of usage. Stable is positioned to go further by partnering directly with category leaders like Bitfinex, Tether, USDT, and now PYUSD.

Purpose-Driven

Our investment in Stable is about expanding access, reach, and functionality of stablecoins globally.

We’re excited to be partnering with the Stable team on this journey to help build the infrastructure for a world where moving dollars is instant, borderless, and accessible to everyone.

To learn more about the Stablechain: https://www.stable.xyz/