Stripe and the private equity group Advent International have offered $60.50 a share for PayPal (PYPL), valuing it at about $53bn, Reuters reported on Wednesday. The bid carries a 28% premium to Tuesday's close and is backed by $50bn of committed bank financing. PayPal has not engaged with it.
The US and UK raised the prospect of letting stablecoins issued in one jurisdiction reach customers and markets in the other, the most concrete signal yet that the two governments intend to recognize each other's regulated tokens rather than wall them off.
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is a 2025 United States federal law that creates a regulatory framework for payment stablecoins.
"I bought my first Bitcoin in 2014 and, by the way, I haven’t sold any since then. I’m a believer in all crypto."
Bitcoin (BTC) posted its strongest performance in nearly a month on 14 Jul after weaker-than-expected US inflation data eased concerns the Federal Reserve will soon raise interest rates, lifting the broader crypto market.
