PayPal Holdings, Inc., founded in 1998, is a publicly owned American multinational financial technology company. Headquartered in the US and employing approximately 30,970 people, its primary business is the development and operation of an online payments system facilitating money transfers in most countries with online transaction capabilities.
PayPal raised its full-year 2016 revenue guidance to US$10.75-10.85 billion, projecting 16% growth. On an unspecified date, PayPal's PYUSD stablecoin surpassed $1 billion in market capitalization and opened the door to peer-to-peer cryptocurrency transfers. Later, TRON and LayerZero confirmed that PYUSD is now omnichain on TRON via the Stargate Hydra bridge, enabling faster and more scalable global transfers. Analysts have weighed in on PayPal Holdings, noting the anticipated surge in stablecoin launches in the United States and the potential for zero-sum competition in the growing $270 billion stablecoin segment.
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