PayPal Holdings (PYPL) expands its crypto offerings with Chainlink (LINK) and Solana (SOL) added to its platforms. PayPal USD (PYUSD) is expanding to Layer-2 blockchains like Arbitrum, enhancing payment capabilities. A strategic partnership with Coinbase offers fee-free PYUSD purchases, boosting adoption in DeFi and onchain platforms.
Block, Inc. (XYZ) enters the S&P 500 with a focus on Bitcoin integration and Lightning Network adoption. Coinbase Global (COIN) offers trading, staking, and custodial services, with a Payments platform supporting stablecoins. PayPal’s stock performance shows a 13.1% decline year-to-date but with positive estimate revisions and a Zacks Rank #2 (Buy).
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Read more at Nasdaq: Can PayPal’s Crypto Strategy Give It a Competitive Edge?