PayPal processed a record $486.4 billion in payments during the second quarter and created a dedicated crypto division as it expands its digital asset strategy. PayPal has reported $486.4 billion in total payment volume […]
TLDRs; PayPal posted stronger-than-expected quarterly results, boosting investor confidence despite modest takeover uncertainty. Stripe’s $53.4 billion acquisition proposal remains possible, but PayPal wants greater shareholder value. CEO Enrique Lores highlighted AI investments, cost reductions, and […]
Key Takeaways Stripe and Advent bid $60.50 a share for Paypal per Bloomberg, valuing the fintech above $53 billion. The offer is backed by roughly $50 billion in committed bank financing, with the pair holding […]
PayPal’s PYUSD is launches natively on Polygon through Paxos. This sounds technical, but the bigger story is strategic. While Open USD is pushing a shared, consortium-led dollar model backed by major financial and payments firms, […]
Polygon’s Open Money Stack now supports PayPal’s PYUSD, enabling businesses to move funds globally without managing multiple payment providers separately. PayPal’s US dollar-backed stablecoin, PYUSD, has launched on the Polygon blockchain through a native […]
Binance’s reported move to lead a new Mesh funding round puts a strategic price on the payment routes stablecoins need to leave exchanges, wallets, and trading venues. A July 2 Axios Pro report said Binance […]
Key Takeaways XLM rose more than 45% over a 72-hour stretch this week, leading several major-cap performers. Stellar enabled tokenized U.S. Treasuries and AAA-rated CLOs via Sushi, with onchain real-world assets near $2.3 billion. XLM […]
Key Takeaways The SEC has approved Paxos Securities Settlement Company to operate as a registered clearing agency. The regulatory milestone enables Paxos to deliver same-day T+0 settlement for U.S. equities. Following a 7-year effort, legacy […]
PayPal (www.PayPal.com) announced it is making PayPal USD (PYUSD) available in 70 markets worldwide in the PayPal account. This dollar-backed stablecoin enables users to send funds globally, with faster settlement and lower cost than traditional […]
Key Takeaways Tether’s USDT supply grew by over $5 billion, reaching approximately $189.7 billion. USDC, USDe, and PYUSD lost a combined $4.2 billion as net stablecoin growth stalls at just 0.3%. Ethena’s USDe is down […]
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