Plume to Launch Payment Finance Product Powered by PayPal USD Stablecoin

Plume, a layer 1 blockchain focused on real-world asset finance, is set to launch a new payment finance product offering real yield use cases powered by the PayPal USD stablecoin (PYUSD). This move aims to bring payment financing on-chain through the new PayFi Vault, dubbed nPAYFI, which will go live on Plume Network’s yield streaming platform Nest.

The PayPal USD-powered PayFi Vault will leverage the eighth-largest stablecoin, with a market cap of over $759 million, as a liquidity layer. By utilizing the U.S. dollar-pegged stablecoin, Plume expects to enhance global accessibility and provide yield-generating opportunities.

Key Benefits of the nPAYFI Product

nPAYFI will allow users to tap into yield from real-world asset (RWA) payment inflows, including invoices, receivables, and payment obligations. Additionally, the product will support:

  • Inventory management
  • Global trade
  • Commerce

The yield generated will enable businesses to redeploy freed-up capital into other operations, offering faster settlements, lower costs, and greater financial inclusion.

“RWA-backed stablecoins have evolved beyond just a medium of exchange; they are becoming the backbone of short-term financing solutions,” said Teddy Pornprinya, co-founder of Plume. “The new PayFi Vault on Nest is a major step toward offering yield from the full potential of on-chain payment financing.”

About Plume Network

Plume’s layer 1 blockchain supports over 180 protocols and has a $25 million ecosystem fund for early-stage real-world asset finance projects. The project’s composable, Ethereum Virtual Machine-compatible environment allows for seamless on-chain integration and onboarding.

Recent notable partnerships include collaborations with Music Protocol, Superstate, and Ondo Finance. Through its collaboration with Music Protocol, Plume enables the tokenized music royalties platform to bring intellectual property rights on-chain, benefiting projects focused on real estate, private credit, and other real-world assets.

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