PayPal USD tapped to expand TCS Blockchain's onchain trade financing for trucking industry
Quick Take
- TCS is set up to provide same-day funding for transportation carriers who complete jobs and generate invoices.
- Truckers will now be able to exchange TCS utility tokens for PYUSD on the INX-Republic exchange, providing them with quicker cash flows than traditional factoring companies.
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TCS Blockchain, a transportation trade finance provider, is tapping PayPal USD to enable same‑day funding and onchain settlements for trucking invoices, in an attempt to address the “cash flow challenges in North American supply chains.”
The move, the companies claim, could lead to 90% cost reductions and faster settlement times compared to traditional invoicing processes.
According to the release, financing flows will “first move through TCS Token – on the INX-Republic exchange – and then through the PYUSD stablecoin.”
TCS is set up to provide same-day funding for transportation carriers who complete jobs and generate invoices.
The platform allows carriers to exchange the rights to their invoices for TCS utility tokens, which can then be exchanged on INX-Republic for PYUSD, while TCS collects the actual USD payment from the shipper or broker when due.
The company notes that traditionally, “carriers have been forced to sell freight invoices to factoring companies (financial intermediaries) to avoid 30-180 day pay terms – often surrendering 30% or more of their net revenues just to get paid.”
TCS Blockchain settled its first freight invoice onchain in 2022 and has since utilized 30,000,000 TCS Tokens in B2B settlement, according to the release. TCS Blockchain CEO Todd Ziegler said the company “is on pace” to record over $1 billion in annual freight invoice flows in 2026.
"With PayPal USD, TCS can offer even greater savings on invoice settlement to carriers, and the best fuel card on the market. The engagement is a tremendous win for truckers, freight brokerages, and at-scale carriers,” Ziegler said.
PYUSD growth
PayPal (NASDAQ: PYPL) launched its PYUSD stablecoin in 2023, with support from stablecoin issuer Paxos. The token, now the seventh-largest by market cap, facilitates peer-to-peer transfers within the PayPal and Venmo ecosystems, and can be used for payments where PayPal is accepted or for cross-border remittances via Xoom.
According to a recent Bloomberg article, Stripe is reportedly exploring buying all or part of PayPal, which has seen its stock slump over 40% over the past year.
PYPL is trading hands at $46.35, up 1.58% at publication time, according to The Block's data.
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