Catenaa, Friday, March 06, 2026-TCS Blockchain said it is integrating PayPal USD to expand onchain trade financing for the North American trucking industry, aiming to speed up invoice settlements and cut costs tied to traditional factoring.
The company said transportation carriers that complete jobs can receive same-day funding by converting invoice rights into TCS utility tokens.
Those tokens are exchanged on INX-Republic for PYUSD, while TCS collects U.S. dollar payments from shippers or brokers when invoices come due.
TCS said the structure could reduce costs by as much as 90% compared with conventional invoicing processes and shorten settlement times.
Carriers often wait 30 to 180 days for payment and may sell invoices to factoring firms, giving up as much as 30% of net revenue to access cash earlier.
The company first settled a freight invoice onchain in 2022 and said it has since processed 30 million TCS tokens in business-to-business settlements.
Chief Executive Todd Ziegler said TCS expects to surpass $1 billion in annual freight invoice flows in 2026.
PayPal launched PYUSD in 2023 with backing from Paxos. The stablecoin supports transfers within PayPal and Venmo and can be used for payments or cross-border remittances.
PYUSD is now among the largest stablecoins by market value.
TCS said the addition of PYUSD will allow carriers and freight brokers to access faster digital settlements while maintaining exposure to U.S. dollar liquidity.
