PayPal completed over $1 billion in transfers between its U.S. and international subsidiaries using its stablecoin, PayPal USD (PYUSD), during a 2025 treasury pilot. The pilot tested stablecoins as a faster, more transparent, and cost-efficient alternative to traditional banking for corporate payments across three continents, including a dividend repatriation from Singapore to the U.S. that settled in hours instead of days. This initiative helped PayPal evaluate the legal, accounting, and tax aspects of stablecoin settlements. PYUSD, launched in August 2023 and backed by U.S. dollar deposits and equivalents, had a supply exceeding $3 billion at the time of the pilot.
PayPal's PYUSD stablecoin facilitated over $1 billion in transfers during its 2025 treasury pilot, showcasing a new method for faster corporate payments. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 08, 2026 20:13 WIB: out of 50 major cryptocurrencies, 22 rose and 27 fell today. Notable movers include ALGO at Rp2.255 (+7.89%), ATOM at Rp32.365 (+7.47%), and CRV at Rp6.649 (+7.05%).
Pacira BioSciences was downgraded from Buy to Hold by Needham following Viatris's announcement to acquire the company for $36.50 per share, valuing it at about $1.65 billion. The deal is expected to close by late 2026 and will enhance Viatris's portf...
Seaport Global increased Shopify's price target from $175 to $180, reflecting an 8.3% upside from the current price of $166.16. Shopify's shares have surged 80% since May, pushing its market value above $205 billion. The rally is driven by a strategi...
Tesco reported earnings per share of $0.69, beating estimates of $0.64, despite revenue falling short at $44.60 billion versus $49.60 billion expected. The UK supermarket raised its full-year adjusted operating profit forecast to £3.15-3.30 billion, ...
CIQ has released Fuzzball 4.3, a platform that enables enterprises to deploy validated open-weight AI models and agents on their existing GPU infrastructure with a single command. This update simplifies operationalizing AI by automatically connecting...
As of September 30, 2026, Societe Generale's share capital consists of 739,264,232 shares with a total of 821,169,560 voting rights. The bank highlights its strong global presence with 110,000 employees serving 27 million clients across 58 countries....
