Corporate finance platform Ramp has opened stablecoin accounts and payment capabilities to business clients, leveraging Stripe's stablecoin infrastructure with Bridge handling dollar conversions and Privy managing balance storage.
Payment processor Stripe and private equity firm Advent International have jointly offered to acquire PayPal Holdings for $60.50 per share, valuing the deal at approximately $53 billion. PayPal's stock surged 14-15% following the news.
A consortium of over 140 major financial and technology companies including Visa, Stripe, Mastercard, BlackRock, Coinbase, and Bank of New York Mellon launched Open USD (OUSD), a new stablecoin that shares reserve earnings with participants. The announcement caused Circle Internet Group shares to tumble 15% as the initiative directly challenges existing stablecoin leaders.
A nonprofit called Intercept has been established with $500 million in funding from tech companies including Stripe, Anthropic, and OpenAI to develop solutions against respiratory pathogens like the common cold and flu.
