Stable Enables Paxos PYUSD on Network for Onchain Settlement

8 days after the Sep. 30, 2026 announcement, PYUSD from Paxos went live on Stable. Payment apps on the network can now send and settle the stablecoin for onchain use.

Go Live Details

Stable posted on Oct. 8, 2026 at 9:57 a.m. ET that the token was available. Paxos followed at 10:31 a.m. ET with confirmation of the same timeline. Both dates stand as separate facts from the Sep. 30 announcement.

Trust and Backing

Paxos issues PYUSD as a fully backed US dollar denominated stablecoin built for payments. The firm publishes monthly reserve composition reports along with third party attestations. These steps provide ongoing visibility into the reserves that back each unit.

Network Features

Stable operates as a Layer 1 chain. USDT0 serves as both the native gas token and an ERC 20 token. Full EVM compatibility means standard wallets and tools connect without custom changes. Paxos lists the PYUSD token contract on Stable Mainnet at 0x28F1f38a9F7dB1f769A71aF0a13E8BACe2ab0E9f.

Settlement and Use Cases

Paxos states that transactions on Stable settle with sub second finality. Stable lists faster PYUSD payments and settlement onchain as the reason for the addition. Paxos guides note uses such as cross border P2P payments, B2B transfers, global payouts, and microtransactions. Developers handle mint, redeem, and convert steps on the Paxos platform.

Operator Perspective

The integration keeps the focus on operational reliability. Monthly reports and attestations from Paxos supply a consistent record for users who track reserve data. Stable documentation emphasizes straightforward EVM access so existing applications require minimal adjustments.

Stable and Paxos both treat the Oct. 8, 2026 date as the point when the token became usable on the network. The Sep. 30 announcement set the expectation, and the later calendar date marks the actual availability.

Next Steps for Developers

Teams can connect wallets directly and begin testing transfers. The contract address allows verification of the exact token deployed. Paxos continues to maintain its standard mint and redeem processes separate from the Stable deployment.

This setup aligns with Stable stated goal of supporting efficient onchain movement while relying on Paxos for the issuance and reserve reporting side.