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benzinga.com
117 days

What's Going On With Coinbase And PayPal Stock On Thursday? - PayPal Holdings (NASDAQ:PYPL), Coinbase Global (NASDAQ:COIN)

1. Coinbase partners with PayPal to boost stablecoin adoption. 2. PayPal and Coinbase aim to leverage strengths for digital commerce. 3. New collaboration enables seamless PYUSD transactions with no fees. 4. Focus on stablecoin tools and potential DeFi innovations announced. 5. Coinbase's CEO highlights opportunity to tap into 430 million accounts.

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FAQ

Why Bullish?

This partnership indicates a positive direction for PYPL, similar to past successful partnerships that boosted stock prices, such as when PayPal expanded its merchant offerings.

How important is it?

The article discusses strategic developments between major players in digital payments, directly affecting market sentiment and adoption rates for PayPal's offerings.

Why Long Term?

The integration of stablecoins into mainstream finance could enhance sustained demand over time, akin to the gradual rise of digital payment solutions originally witnessed with PayPal.

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