PayPal USD tapped to expand TCS Blockchain’s onchain trade financing for trucking industry

TCS Blockchain, a transportation trade finance provider, is integrating PayPal USD (PYUSD) to facilitate same-day funding and onchain settlements for trucking invoices, directly addressing cash flow challenges in North American supply chains. This partnership is projected to reduce costs by up to 90% and accelerate settlement times compared to traditional methods. The financing process involves funds moving through the TCS Token on the INX-Republic exchange, then converting to PYUSD. Carriers can exchange their invoices for TCS utility tokens, which are then traded for PYUSD, allowing TCS to collect the final USD payment from the shipper later. TCS Blockchain CEO Todd Ziegler highlighted that this integration will bring significant savings to carriers, noting the company is on track for over $1 billion in annual freight invoice flows in 2026. PayPal launched PYUSD in 2023, and it has since become the seventh-largest stablecoin by market cap.

(Source：The Block)