The Stripe PayPal Deal: A Stablecoin Shot in the Dark? The reported $53 billion bid by a consortium led by Stripe and Advent International for PayPal has sent shockwaves through the payments industry.
However, the crypto angle beneath this deal often gets lost in the headlines. As we examine the implications of this potential takeover, it's worth asking whether stablecoins can truly go mainstream.
PayPal's consumer facing business is a powerhouse, with over 400 million active accounts and a presence in dozens of markets worldwide.