Stripe considers acquiring PayPal

Online payment infrastructure firm Stripe is considering an acquisition of PayPal, Bloomberg reported. Discussions are still in the early stages. A successful deal would bring two payment giants, both of which have been expanding their stablecoin businesses, under a single entity. PayPal launched its dollar-based stablecoin, PYUSD, in 2022 through Paxos, with a market capitalization of around $4 billion. Stripe has also been growing its crypto operations. In 2024, the company acquired Bridge, a tool that helps businesses issue their own dollar-based tokens. It is also developing a payment-focused blockchain called Tempo in partnership with venture capital firm Paradigm.