Plume, renowned for its layer 1 blockchain technology in real-world asset finance, has announced plans to introduce an innovative payment finance product. This new product, promising real yield use cases, will be powered by the PayPal USD stablecoin, also known as PYUSD.
The new offering, known as the PayFi Vault or nPAYFI, will be launched on Plume Network’s yield streaming platform, Nest. Currently, PYUSD is considered the eighth-largest stablecoin globally, boasting a market cap exceeding $759 million.
The move by Plume to launch nPAYFI is a strategic effort to bring payment financing on-chain through this new vault. Stablecoins are increasingly playing a pivotal role in the real-world asset market. As such, Plume anticipates using PayPal USD as a liquidity layer in its approach, providing not only greater global accessibility but also presenting yield-generating opportunities.
The nPAYFI service will enable users to leverage yield from real-world asset (RWA) payment inflows, such as invoices, receivables, and payment obligations. In addition, nPAYFI will extend its support to inventory management, global trade, and commerce. This will create an environment where businesses can redeploy the yield generated, providing them with freed-up capital to invest in other operational areas.
Teddy Pornprinya, co-founder of Plume, elaborated on the new development. He said, “RWA-backed stablecoins have evolved beyond just a medium of exchange; they are becoming the backbone of short-term financing solutions. 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 in excess of 180 protocols, and the company boasts a $25 million ecosystem fund for early-stage real-world asset finance projects. The project’s Ethereum Virtual Machine-compatible environment ensures seamless on-chain integration and onboarding.
Plume has been active in forging partnerships in recent months, with collaborations including Music Protocol, Superstate, and Ondo Finance. Through its partnership with Music Protocol, Plume has facilitated the tokenized music royalties platform to bring intellectual property rights on-chain. This move benefits projects centered around real estate, private credit, and other real-world assets.
Plume secured $20 million in a Series A funding round in December 2024, reflecting its continuous growth and innovation in the blockchain industry.
