Stripe Weighs Potential Acquisition of PayPal

Payments giant Stripe is weighing a potential acquisition of all or part of PayPal, according to a recent report.

The deliberations are still in their early stages, but if completed, the deal would bring together two major payment firms with significant influence on the stablecoin market.

Both companies have made significant strides in this area: PayPal has launched its dollar-backed stablecoin PYUSD$1.0008 through issuer Paxos, while Stripe acquired Bridge for $1.1 billion to build tools for businesses and crypto projects to issue their own U.S. dollar-backed tokens.