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PayPal pops nearly 7% on report Stripe is weighing an acquisition

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Stripe President John Collison on new tender offer, software sell-off and impact of AI

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PayPal‘s stock surged nearly 7% on Tuesday following a report that fintech startup Stripe is weighing buying the payments platform.

Bloomberg reported the news, citing people familiar with the matter, and said the discussions are in early stages. The report said Stripe is considering buying all or some segments of PayPal’s business.

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The news comes a day after reports that buyer interest has picked up in the company following its recent stock slump.

PayPal and Stripe declined to comment on the report.

PayPal, which is grappling with slowing growth in an increasingly competitive financial payments industry, has plummeted more than 19% since the start of the year. The company shed nearly a third of its value in 2025.

Earlier this month, the stock plunged on lackluster profit guidance and its board appointed HP’s Enrique Lores as its new CEO to start at the beginning of March.

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Meanwhile, fintech startup Stripe hit a $159 billion valuation on Tuesday following a secondary stock sale for employees and shareholders.

That’s up from the $91.5 billion a year ago. Stripe said in a business update that its revenue suite is slated to reach an annual run rate of $1 billion this year.

Stripe, which ranked 10th on CNBC’s Disruptor 50 list last year, has transformed into one of the most valuable private companies yet and recently acquired billing startup Metronome in January.

Stripe co-founder and president John Collison told CNBC’s Andrew Ross Sorkin on Tuesday that the company isn’t yet aiming for an IPO, which would sidetrack its current product and business growth.

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Read the full Bloomberg article here.

Stripe President John Collison on new tender offer, software sell-off and impact of AI

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Crypto World

Payoneer Adds to Crypto, Fintech Firms Seeking Bank Charter

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Payoneer Adds to Crypto, Fintech Firms Seeking Bank Charter

Global financial services firm Payoneer is the latest in a growing number of companies that have filed for a national trust banking charter in the US, which could enable it to issue a stablecoin and provide various crypto services.

Payoneer said on Tuesday it filed with the Office of the Comptroller of the Currency to form PAYO Digital Bank, a week after it partnered with stablecoin infrastructure firm Bridge to add stablecoin capabilities to its platform that is mainly focused on cross-border transactions.

Payoneer said that it is seeking to issue a GENIUS Act-compliant stablecoin, PAYO-USD, to serve as the holding currency in Payoneer wallets, in addition to allowing customers to pay and receive stablecoins.

OCC approval would also enable Payoneer to manage PAYO-USD reserves, offer custodial services and enable customers to convert between the stablecoins into their local currency.

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“We believe stablecoins will play a meaningful role in the future of global trade,” said Payoneer CEO John Caplan.

Source: Payoneer

The OCC gave conditional approval to Crypto.com for a charter on Monday, adding to the banking charters won by crypto companies Circle, Ripple, Fidelity Digital Assets, BitGo and Paxos in December.

Related: Better, Framework Ventures reach $500M stablecoin mortgage financing deal

The Trump family’s World Liberty Financial also applied for one in January to expand the use of its USD1 (USD1) stablecoin, but is still awaiting a decision. 

Crypto trading platform Laser Platform also submitted an application in January, while Coinbase has been awaiting a decision on its application since October.

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Stablecoins ideal for business cross-border transfers: Payoneer

Payoneer said OCC approval would allow it to offer its nearly two million customers, which are mostly small and medium-sized businesses, a regulated stablecoin solution to simplify cross-border trade.