PayPal, along with M0 and MoonPay, has introduced PYUSDx, a developer platform that allows businesses and developers to create financial products using PayPal's PYUSD stablecoin. The platform already supports three projects with over $100 million in processed volume, offering flexibility for different business models without rebuilding the underlying infrastructure. This move makes PayPal the first global consumer payments brand to extend stablecoin functionality, aiming to transform how companies manage liquidity and deploy capital. Official PayPal integrations will expand as the stablecoin's circulation grows, signaling a new phase in stablecoin utility beyond payments.
PayPal Holdings is rated a "Buy" as its turnaround strategy gains momentum, driven by operational restructuring and a $1.5 billion cost-cutting plan under the new CEO. The company's valuation appears attractive with a 9.5x earnings multiple and over ...
Michael Burry, famed for predicting the 2008 crash, has updated his portfolio with Lululemon Athletica as his largest holding, making up about 17% of his investments. Despite this confidence, Lululemon's stock dropped 12% after disappointing quarterl...
PayPal has paused the sale of its venture capital portfolio after receiving offers no higher than 60 cents on the dollar. The portfolio includes investments in companies like Tabby and Anchorage. This move follows PayPal's earlier decision to wind do...
