PayPal successfully completed a pilot program using its PYUSD stablecoin to transfer over $1 billion in intercompany dividend payments between its US and international subsidiaries in just two hours, a process that typically takes days. The pilot involved dedicated on-chain wallets and demonstrated how stablecoins can streamline treasury operations by enabling faster settlements across continents. This initiative is part of PayPal's broader treasury modernization effort, which includes AI integration and improved liquidity management. While promising, the pilot's success benefits from PayPal issuing the stablecoin itself, which may present challenges for other companies considering similar approaches.
PayPal's pilot program moved over $1 billion in just two hours using its PYUSD stablecoin. For readers following the cryptocurrency market, 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 EOS at Rp12.649 (+8.13%), ALGO at Rp2.255 (+7.89%) with 71% buy order activity, and ATOM at Rp32.365 (+7.47%).
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....
