PayPal, once a fintech pioneer, now faces fierce competition from Stripe and Big Tech like Apple. CEO Alex Chriss acknowledges the challenge of staying innovative in a changing landscape. Investors are uneasy as PayPal’s stock drops over 30% in 2025, prompting a shift towards next-gen payment products like stablecoins.

Chriss, a crypto enthusiast, paid a friend in Bitcoin years ago. PayPal ventured into digital assets in 2014, accepting Bitcoin payments. In 2020, PayPal embraced crypto by allowing users to buy, sell, and hold various cryptocurrencies. The fintech launched its stablecoin, PYUSD, in 2023, focusing on blockchain tech for payments.

Stablecoins like PYUSD are gaining traction for faster, cheaper cross-border transactions. Despite its smaller market cap compared to Tether, PayPal sees strategic potential in stablecoins beyond trading. Integrating PYUSD across its platforms, PayPal aims to revolutionize consumer-to-business transactions and disrupt payments using stablecoins.

Analysts doubt PayPal’s stablecoin will impact its bottom line immediately. However, PayPal’s CEO Chriss remains committed to crypto’s future within the company. With a vision for widespread crypto use, PayPal is investing in stablecoin capabilities to prepare for potential future adoption in day-to-day transactions. 1. The stock market surged today, with the S&P 500 hitting a record high. Tech stocks saw significant gains, while investors remain optimistic about the economic recovery.

2. A new study shows that the COVID-19 vaccine is highly effective in preventing severe illness and hospitalization. Experts urge the public to continue getting vaccinated to protect themselves and others.

3. In sports news, the Tokyo Olympics are set to begin next month amid concerns about the pandemic. Athletes are preparing for the games, while organizers implement strict safety measures to prevent the spread of COVID-19.

4. Climate change continues to be a pressing issue, with record-breaking temperatures reported in various parts of the world. Scientists warn of the urgent need for action to address the growing threat of global warming.

Read more at Yahoo Finance: PayPal CEO Alex Chriss says stablecoins will be key as his company navigates the ‘classic innovator’s dilemma’