Stripe mounts blockbuster $53 billion bid to buy PayPal
CoinDesk 2026-07-15 10:41:39
Context: San Francisco-based payments giant Stripe has made a $53 billion bid to acquire PayPal, with a $60.50 per share offer representing a 28% premium over PayPal's recent closing price. The bid was made in conjunction with private equity firm Advent International. This development has significant implications for the payments industry, particularly in the realm of stablecoins.
Key Facts
- Stripe offered to buy PayPal in a deal worth $53 billion, with a $60.50 per share offer, alongside private equity firm Advent International.
- The bid represents a 28% premium over PayPal's closing price of $47.37 on Tuesday, with PayPal's shares surging over 18% to $56.10 in pre-market trading.
- PayPal's stablecoin PYUSD is the eighth-largest in the sector with a market capitalization of $185 million, according to CoinGecko data.
- Stripe has historically focused on embedding Circle Internet's USDC into its payments infrastructure and has recently moved toward offering stablecoin and other blockchain-based services more independently.
- Stripe joined the Open USD venture alongside Mastercard, Visa, and BlackRock to develop a new stablecoin, which could pose a serious challenge to USDC.