PayPal Expands PYUSD Stablecoin to 70 Global Markets
PayPal has expanded access to its USD-backed stablecoin, PYUSD, to users across 70 markets, significantly increasing its global footprint. The move marks a major step in bringing stablecoins into mainstream payments, backed by one of the world’s largest fintech platforms. By enabling broader access, PayPal is positioning PYUSD as a viable tool for cross-border transactions, digital commerce, and financial inclusion. The expansion also signals growing confidence in regulated stablecoins as part of the global payments infrastructure. With PayPal’s existing merchant network and user base, PYUSD could accelerate real-world adoption of blockchain-based payments at scale. The development highlights the convergence of traditional fintech and crypto rails into a unified financial ecosystem. As competition intensifies, this move may push other major players to accelerate their own stablecoin strategies.
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Revolut eyes $100bn valuation with fresh share sale
From $45bn to $75bn in a year through secondary transactions. Now discussions around a $100bn secondary. Longer term, signalling toward $150bn+ at IPO.
This is not primary capital for growth. It is controlled liquidity.
Secondaries serve three strategic purposes:
- Price discovery without public markets.
- Liquidity for early employees and investors without governance dilution.
- Narrative conditioning ahead of listing.
Europe’s most valuable private company is being repriced in stages, not re-funded.
The pattern is clear across the ecosystem. Trade Republic at €12.5bn via secondary. ElevenLabs doubling valuation through a tender offer. Capital markets are cautious; private markets are manufacturing liquidity internally.
Revolut’s operating model supports this positioning. It is no longer a neobank. It is a multi-product financial infrastructure layer: FX, cards, trading, crypto, insurance, lending. Revenue diversification reduces single-vertical risk and justifies platform multiples rather than bank multiples.
The deeper signal: European fintechs are no longer optimizing for survival rounds. They are optimizing for optionality.
A $100bn secondary before IPO shifts the psychological anchor upward. By the time public markets price it, the reference point is already reset.
This is valuation stair-stepping as strategy.
Curated News
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🪙 Crypto
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Cleafy Raises €12M to Strengthen Fraud Protection
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