Paxos mistakenly minted the stablecoins as part of an internal transfer, before it "immediately identified the error and burned the excess PYUSD," the company said in a social media statement. There aren't enough dollars in global circulation to back $300 trillion PYUSD, which would theoretically require more than double the world's estimated total GDP.
PYPL's diversified growth and AI partnerships give it an edge over UPST's high-risk, high-reward lending surge in the 2025 fintech race.
Paypal (PYPL) concluded the recent trading session at $68.86, signifying a -1.4% move from its prior day's close.
Shares of the fintech are down nearly 20% this year and a rebound may not be in sight for a while.
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PayPal has transitioned from a hyper-growth fintech to a steady, cash-rich payments franchise. Trading at 10× FCF, PayPal's downside is limited, and even modest improvements in margins, mix, or Venmo monetization could push intrinsic value toward $100B (+40–50%). The market prices PayPal as a no-growth utility, despite its ability to generate $6B+ in annual FCF and fund $6B in annual buybacks.
The carrier gets a new CEO and board chairman on the same day, fueling speculation: Why now?
Schulman, who has served on Verizon's board for seven years, is focused on improving the customer experience.
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Verizon appointed its independent lead director and former PayPal Holdings CEO Dan Schulman as CEO, effective immediately, saying he will lead the company's “new chapter of growth.” Schulman succeeds Hans Vestberg, who will serve as a special advisor through Oct.
Verizon once was widely viewed as having the best wireless network, but that's now up in the air. New CEO Dan Schulman sees “a clear opportunity to redefine our trajectory.
PayPal Holdings (NASDAQ: PYPL), the worldwide leader in digital payments, has faced challenges in 2025, with shares decreasing approximately 19% year-to-date to about $70. As investors consider if the stock's downturn indicates a buying opportunity, another urgent question arises: could PayPal's momentum decline further and pull the stock closer to $50?