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According to a report by The Block, Mizuho Bank research analysts released a report on Thursday stating that the financial feature X Money launched by Elon Musk's X platform has the potential to disrupt the U.S. payment industry, but the cryptocurrency integration plan may face regulatory obstacles.Mizuho analysts Dan Dolev and Andrew Jenkins wrote in a client report that X Money is positioned as the financial infrastructure layer of the X platform, aiming to integrate instant messaging, bank deposits, and commercial transaction functions, similar to the "super app" model of WeChat Pay or Alipay. With 500 to 600 million monthly active users on the X platform and Musk's background as a co-founder of PayPal in the payment industry, X Money has the potential to disrupt the U.S. payment industry.On the regulatory front, the analysts pointed out two major potential obstacles: first, the recent "CRYPTO Act" proposed in New York aims to criminalize unlicensed virtual currency operations in the state, which will raise the compliance threshold for X's future cryptocurrency integration plans; second, the "Clarity Act" may restrict non-bank financial platforms from offering yields to users, potentially hindering X Money's plan to provide users with an annualized yield of 6% on cash balances, with analysts stating that the timing for the launch of this yield product is "particularly sensitive."Mizuho also downgraded PayPal (PYPL) stock rating to "neutral," noting that PayPal and its Venmo app face the most direct substitution risk, as X is targeting the same peer-to-peer transfer and digital wallet entry points.This week, the X platform also launched a new feature called "Cashtags," allowing users to view financial data for stocks and cryptocurrencies directly in their timeline.

The Web3 asset data platform RootData has outlined PayPal's Web3 partners, covering key aspects such as wallets, trading liquidity, and on-chain risk control. Structurally, PayPal's crypto layout exhibits a clear "modular assembly" characteristic:User entry side: Wallets like MetaMask and Phantom handle asset management and interaction interfaces;Fund circulation: Crypto infrastructure like MoonPay provides the capability to convert between fiat and crypto assets;Trading and liquidity: Platforms such as Binance and OKX provide market depth and price discovery mechanisms;By integrating mature Web3 providers, PayPal embeds crypto capabilities into its existing payment system, rapidly advancing new businesses such as stablecoins and on-chain payments within a compliance framework. From an industry perspective, PayPal's partnership landscape shows a convergence trend with traditional payment institutions like Visa: that is, building an infrastructure combination around "stablecoin settlement + compliance risk control + user payment entry," accelerating the penetration of crypto assets into the mainstream financial system. Related compilation: PayPal Crypto Partner Network Compilation (Continuously Updated)Crypto projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim data and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of the crypto project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the RootData 2026 Industry Ecosystem Mapping form to supplement your important clients and partners.

According to the official announcement, Binance Futures will launch the PAYPUSDT perpetual contract on March 23, 2026, at 14:30 (UTC). This contract tracks the price of PayPay Corporation common stock (NASDAQ: PAYP) and is settled in USDT, with a maximum leverage of 10 times.

PayPal announced that it has expanded the wallet holding range of its stablecoin PYUSD to an additional 68 countries and regions, increasing the total number of markets to 70, a significant expansion from the previous limitation to the United States and the United Kingdom. The new markets include Uganda, Colombia, Peru, and more, covering additional areas in South America, Africa, and Asia.

According to market news, Binance, PayPal, and Ripple have joined Mastercard's new initiative in the blockchain payment sector.

According to official news from Kite AI, Ehsan Yousefzadeh, former Head of AI Payments at PayPal, has officially joined Kite as Head of Product. Ehsan previously served as Senior Director and Head of Product at PayPal AI, where he led the development of intelligent agent commerce, intelligent agent payment protocols, and the native AI agents for PayPal and Venmo.He has over 12 years of experience in consumer internet, payments, and AI product management, having previously worked at Uber on market matching and driver incentive products, and at Amazon on Same-Day Delivery technology development. He holds a Master's degree in Data Science from the University of California, Berkeley. Kite AI stated that Ehsan's addition will accelerate the development of agent-based economic infrastructure and the implementation of next-generation autonomous intelligent agents.

MoonPay has launched the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD).This solution combines the stablecoin infrastructure protocol of M0 with MoonPay's issuance and distribution capabilities, separating reserve management from token issuance, thereby accelerating the stablecoin launch process. Under this architecture, PYUSD, issued by Paxos Trust, serves as the underlying reserve asset, while branded stablecoins are issued by MoonPay Digital Assets. The latter has recently obtained a trust license in New York, enabling it to act as a stablecoin issuer. Developers can launch customized stablecoins without the need to build their own underlying technology and operational systems.At the time of the product launch, the market is also concerned about its compliance with the regulatory framework of the U.S. GENIUS Act and the applicability of related tokens in different jurisdictions in the future.

According to CoinTelegraph, M0, MoonPay, and PayPal will launch PYUSDx, a product designed to help developers issue custom stablecoins backed by PayPal USD.PYUSDx combines M0's universal stablecoin and digital token platform with the infrastructure of the MoonPay group, simplifying the issuance of dollar-backed stablecoins by reducing technical and operational burdens.

According to the American financial media Semafor, Paypal (PYPL.O) and Stripe are currently not in negotiations. Paypal (PYPL.O) currently has no plans to sell itself. According to insiders, Paypal has been working with bankers for months to prepare for potential activist investor actions or unwanted acquisition offers.Insiders stated that after a significant drop in PayPal's stock price, executives are facing the risk of initiating an acquisition process as a precautionary measure. Bankers began collaborating with PayPal during the tenure of former CEO Alex Chriss, who left on February 3.

Mizuho analysts stated that if payment company Stripe advances a potential acquisition deal for PayPal, it will help them further expand from traditional merchant payment business into the consumer market.Previously, there were reports that Stripe is considering acquiring all or part of PayPal's business. In terms of scale, the deal is feasible. Stripe's latest valuation is approximately $159 billion, significantly higher than PayPal's market value of about $43 billion. Analysts believe that PayPal's large user base and its peer-to-peer payment app Venmo will provide Stripe with strong consumer brand and user network support. Additionally, PayPal's Braintree merchant payment infrastructure may also enhance Stripe's competitiveness in the payment processing market. Analysis indicates that Braintree could bring Stripe approximately $700 billion in total payment volume (TPV), while Stripe's current annual TPV is about $1.4 trillion.

According to Bloomberg, citing informed sources, payment processing company Stripe is considering acquiring all or part of PayPal's assets. The sources indicated that discussions are still in the early stages, and it is uncertain whether a deal will be reached. Representatives from both Stripe and PayPal declined to comment.PayPal fell 6.7% to $47.02 in New York on Tuesday, with a market capitalization of approximately $43.3 billion. Founded in the late 1990s, PayPal was a pioneer in digital payments but has struggled in recent years to maintain market share against competitors like Apple and Google, facing challenges in modernizing payment technology. Stripe, founded by brothers Patrick and John Collison, has become one of the most sought-after players in the industry. Earlier on Tuesday, Stripe announced a valuation of $159 billion through an employee tender offer.

According to Bloomberg, payment giant Stripe is exploring the possibility of acquiring the established fintech company PayPal, which may involve a complete acquisition or a partial asset purchase. Currently, negotiations are still in the preliminary stages, and Stripe has not commented on the related news.Stripe's latest valuation is approximately $159 billion, while PayPal's stock price has fallen nearly 40% over the past year. As a pioneer in the internet payment sector, PayPal has driven the adoption of digital wallets, but it faces growth pressures due to emerging competitors and the wave of digital assets. In recent years, Stripe has been continuously expanding into the cryptocurrency payment space, and this potential acquisition could reshape the competitive landscape of the global payment industry.