Latest news with #PYUSD
Yahoo
3 days ago
- Business
- Yahoo
Mastercard's Crypto Expansion: A Right Global Bet on Digital Assets?
In Mastercard Incorporated's MA determination to grow, it is dipping its toes in the world of crypto. This is a strategic move aimed at redefining the company's role in the digital finance landscape. In its effort to stay ahead of the market, MA is forming partnerships and developing the necessary infrastructure to facilitate crypto payments and drive blockchain innovation on a global scale. The company is collaborating with cryptocurrency platforms to enable customers to spend their cryptocurrencies at over 150 million locations worldwide that accept Mastercard. A key component of Mastercard's strategy is its adoption of stablecoins. By understanding how these digital currencies can make real-time, cross-border transactions possible, the company has teamed up with platforms that support stablecoin payments. MA supports merchant settlement in USDC and enhances cross-border transfers with Crypto Credential for secure transactions. Its Multi-Token Network boosts real-time, on-chain settlements with partners like J.P. Morgan and Standard Chartered. Wirex, Bit2Me, Lirium, Notabene, and Mercado Bitcoin have also joined the Mastercard Crypto Credential ecosystem. Some of MA's card issuance partners, like Kraken, OKX and Bleap, are playing a key role in bridging the gap between the crypto economy and everyday spending. The company is positioning itself to lead future advancements, such as Agentic AI in crypto. Even though there are still hurdles like regulatory uncertainty, Mastercard's proactive strategy focused on security, trust and global flexibility might be the right long-term choice. Some of MA's competitors in the digital assets space include Visa Inc. V and PayPal Holdings, Inc. PYPL. Visa has been expanding its footprint in the crypto space through fintech partnerships and pilot programs. Visa has collaborated with crypto platforms like and Coinbase to issue crypto-linked cards and enable direct crypto payments. PayPal is among the pioneers in the fintech space when it comes to cryptocurrency adoption. It has allowed users in some markets to buy, sell and hold cryptocurrencies on its platform. PayPal introduced its own stablecoin, PYUSD, which is designed to facilitate quick and affordable digital payments within its ecosystem. In the year-to-date period, MA's shares have gained 6.7% compared with the industry's rise of 3.5%. Image Source: Zacks Investment Research From a valuation standpoint, MA trades at a forward price-to-earnings ratio of 32.66, above the industry average of 22.57. MA carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Mastercard's 2025 earnings implies 9.5% growth from the year-ago period. It witnessed one upward estimate revision in the past month against no movement in the opposite direction. Image Source: Zacks Investment Research Mastercard currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
PayPal to Add Stablecoin on Stellar Network
PayPal recently announced plans to make the PayPal USD (PYUSD) stablecoin available on the Stellar network pending regulatory approval. PayPal plans to integrate its stablecoin into more of its products this year. Stellar Development Foundation CEO Denelle Dixon has more on the story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
PayPal to Add Stablecoin on Stellar Network
Bloomberg Crypto Show PayPal recently announced plans to make the PayPal USD (PYUSD) stablecoin available on the Stellar network pending regulatory approval. PayPal plans to integrate its stablecoin into more of its products this year. Stellar Development Foundation CEO Denelle Dixon has more on the story. (Source: Bloomberg)
Yahoo
4 days ago
- Business
- Yahoo
PayPal Holdings (PYPL) Expands into Stellar Blockchain to Strengthen its Stablecoin
PayPal Holdings, Inc. (NASDAQ:PYPL) is . On June 11, the payment company confirmed bringing its PYUSD stablecoin to the stellar blockchain network. The move strengthens the dollar-pegged token's position in cross-border remittances and payment financing. Denys Prykhodov / While operating in the Ethereum and Solana blockchain, PayPal will expand to the stellar network to explore new areas like payment financing. The expansion should allow small and medium-sized businesses that face delayed receivables or pre-funding requirements to access new sources of real-time working capital. By expanding its stablecoin into the Stellar Network, PayPal plans to leverage its high speed, low transaction costs, and ease of integration to enhance the utility of real-world payments commerce and microfinancing. The expansion will also offer PayPal Holdings, Inc. (NASDAQ:PYPL) stablecoin holders access to a vast network of on and off-ramps. They will also enjoy access to digital wallets and connection to payment systems and vast payment networks. The stablecoin on the stellar network should also enhance liquidity and financing opportunities through payment financing. While we acknowledge the potential of PYPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Axios
13-06-2025
- Business
- Axios
Why retailers are looking into stablecoins
Major retailers, including Walmart and Amazon, are reportedly considering their own stablecoin offerings as legislation to regulate the instruments moves further through Congress. The big picture: For big retail, it's the latest opportunity in a long-running hunt to cut billions in costs and days of delays tied to payment transactions. Cash transactions cost a retailer nothing. And stablecoins get very close to that. Between the lines: For merchants, credit and debit card payments carry interchange fees, or money paid to card issuer to process the transaction. The precise fees are an arcane and inscrutable topic, but for huge retailers like Walmart and Amazon, they total in the billions every year. In 2021, the Fed found about $32 billion in total interchange fees on prepaid and debit card transactions alone, a number that was growing quickly. Stablecoins also settle in seconds, with superior finality to card transactions, which can take days. Large retailers miss out on an astounding amount of interest while waiting for customer money to actually hit their bank accounts. How it works: Stablecoins are digital assets, running on a blockchain, pegged to the value of a dollar (and backed by cash and cash-like assets, such as Treasuries). Holding a stablecoin is like holding actual cash in your wallet. You have it until you run out, then you either have to go get more or earn more. There are two ways retailers could go about this, both of which were being explored, according to the Wall Street Journal report Friday that detailed Walmart and Amazon's plans. Retailers could either start accepting existing stablecoins (such as Circle 's USDC or Paypal's PYUSD) or they could issuer their own — individually or as a group. If retailers issued their own, they would have an all new source of profit. Like existing issuers, they would get to keep the interest earned on all the money deposited to buy their stablecoins. Reality check: Payments by stablecoin would be undoubtedly be a win for retailers, but shoppers themselves might take some convincing. It would be on companies to find a way to convince customers to hold enough stablecoins to fund their purchases — a task similar to managing a pre-paid debit card. That's a hard sell when credit card companies will just pay whatever a customer needs all month long, allowing them to settle up just once a month: The former requires you to estimate what you might spend, whereas the latter lets you pay off exactly what you did spend. What we're watching: If these retailers end up using stablecoins (a big if in the near term), look for them to manufacture incentives to use them. That could mean straight discounts or a points system that can yield rewards down the road. Starbucks has done great at just that. Its app's rewards program has led to customers holding hundreds of millions of dollars with the company, rather than their bank. Or retailers could create creative new enticements. For example, Walmart has offered prepaid cards before that included chances to win extra money. And of course faster payment rails would work both ways, meaning faster refunds for customers when they return something. Friction point: The banking industry. Money sitting in retail stablecoins or on different kind of apps is money banks don't have to issue loans and make money. A "pay with stablecoins" option at online and in-person checkouts would mean instant competition in the payments space, one that's been dominated for a long time by Visa, Mastercard and greenbacks. And banks would also lose out on their earnings from card interchange fees. Banks might also get into stablecoins, but it remains to be seen if that business will be as sweet a deal for them as issuing credit and debit cards has been.
