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Payments giant Stripe reportedly mulling PayPal acquisition. Here is what it means for crypto
Bloomberg reported that Stripe — which has growing stablecoin and blockchain ambitions — is exploring a deal for the embattled fintech.
By Krisztian Sandor|Edited by Stephen Alpher
Updated Feb 24, 2026, 9:59 p.m. Published Feb 24, 2026, 9:51 p.m.
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PayPal logo on iphone screen (Marques Thomas/Unsplash)
What to know:
- Stripe is considering a bid for all or parts of PayPal's business, Bloomberg reported.
- A deal would marry two payment processing firms with growing interest in stablecoins and crypto rails.
- Already higher this week on buyout rumors, PYPL shares rose another 7% on the news.
Stripe, which processed $1.9 trillion in transactions last year and was recently valued at $159 billion, is considering an acquisition of all or parts of PayPal (PYPL), according to a Bloomberg report.
Deliberations are in early stages, the report continued.
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If completed, the deal would bring together two major payment firms that have both moved into stablecoins.
PayPal launched its dollar-backed stablecoin PYUSD$1.0006 in 2022 through issuer Paxos. The token has since grown to a market value of about $4 billion. It allows users to move dollars across crypto networks at any time of day, often at a lower cost than bank wires.
Stripe has also pushed deeper into crypto. In 2024, it acquired Bridge for $1.1 billion, a company that builds tools for businesses and crypto projects to issue their own U.S. dollar-backed tokens. Stripe is also working with venture firm Paradigm to develop Tempo, a payments-focused blockchain now in testing.
PayPal has struggled mightily in recent years, its stock tumbling about 80% from record highs hit in 2021. Shares were already higher this week on buyout chatter, and they rose another 7% late Tuesday in the wake of the Stripe report.
Read more: Stripe's Bridge sees stablecoin volume quadruple as utility insulates from 'crypto winter'
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