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GUSD
3.8%
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Launch
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Deep Tide TechFlow news: On July 16, according to CoinDesk, payments giant Stripe, together with private equity firm Advent International, has proposed acquiring PayPal for $53 billion, with an offer price of $60.50 per share—at a premium of about 28% versus PayPal’s Tuesday closing price of $47.37.
After the bid was released, PayPal’s share price rose more than 18% in premarket trading to $56.10. Despite Stripe having previously expressed interest in an acquisition, PayPal currently still isn’t willing to engage with the bid. Stripe and PayPal are both major financial institutions pushing for the integration of stablecoins into traditional payment systems.