Stripe, which processed $1.9 trillion in transactions last year, is considering an acquisition of PayPal.

Stripe, which processed $1.9 trillion in transactions last year and was recently valued at $159 billion, is considering an acquisition of all or parts of PayPal (PYPL), according to a Bloomberg report. Deliberations are in early stages, the report continued. STORY CONTINUES BELOW Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today . See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. If completed, the deal would bring together two major payment firms that have both moved into stablecoins. PayPal launched its dollar-backed stablecoin PYUSD$ 1.0007 in 2022 through issuer Paxos. The token has since grown to a market value of about $4 billion. It allows users to move dollars across crypto networks at any time of day, often at a lower cost than bank wires. Stripe has also pushed deeper into crypto. In 2024, it acquired Bridge for $1.1 billion, a company that builds tools for businesses and crypto projects to issue their own U.S. dollar-backed tokens. Stripe is also working with venture firm Paradigm to develop Tempo, a payments-focused blockchain now in testing. PayPal has struggled mightily in recent years, its stock tumbling about 80% from record highs hit in 2021. Shares were already higher this week on buyout chatter, and they rose another 7% late Tuesday in the wake of the Stripe report.

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