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CryptoJuly 15, 2026 at 02:07 PM

Stripe Bids $53 Billion for PayPal, Stablecoin Market Shifts

724FinanceEmre Can

Stripe Bids $53 Billion for PayPal, Stablecoin Market Shifts

San Francisco-based fintech giant Stripe has made a $53 billion offer to acquire PayPal (PYPL), representing a 28% premium over PayPal's closing price of $47.37. The offer, made in tandem with private equity firm Advent International, comes at $60.50 per share. PayPal's shares surged 18% to $56.10 in pre-market trading. Stripe and PayPal are key players in the stablecoin space, with PayPal's PYUSD stablecoin ranking eighth with a $185 million market cap. Stripe's USDC integration and its Tempo mainnet reflect a shift toward independent stablecoin services. The company also joined Open USD, a venture with Mastercard, Visa, and BlackRock, to develop a new stablecoin. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.