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Plume, a layer 1 blockchain for real-world asset finance, plans to launch a new payment finance product offering real yield use cases powered by the PayPal USD stablecoin.
The PayPal USD (PYUSD)-powered PayFi Vault, dubbed nPAYFI, will go live on Plume Network’s yield streaming platform Nest. PYUSD is currently the eighth-largest stablecoin with a market cap of over $759 million.
According to an announcement, Plume aims to bring payment financing on-chain through this new vault. With stablecoins playing a major role in the real-world asset market, Plume expects to leverage PayPal USD as a liquidity layer.
Using the U.S. dollar-pegged stablecoin will not only enhance global accessibility but also provide yield-generating opportunities.
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nPAYFI will allow users to tap into yield from RWA payment inflows, including invoices, receivables and payment obligations.
According to Plume’s blog post, nPAYFI will also support inventory management, global trade, and commerce. The yield generated will allow businesses to redeploy freed-up capital into other operations.
“RWA-backed stablecoins have evolved beyond just a medium of exchange; they are becoming the backbone of short-term financing solutions,” Teddy Pornprinya, co-founder of Plume, said. “The new PayFi Vault on Nest is a major step toward offering yield from the full potential of onchain payment financing, offering faster settlements, lower costs, and greater financial inclusion.”
Plume’s layer 1 blockchain supports more than 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.
Notable partnerships in recent months 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.
Plume raised $20 million in a Series A funding round in December 2024.
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