PayPal is strategically expanding its PYUSD stablecoin 🪙📈; Bitcoin ETFs face historic exodus as crypto market cools 🫣📉; American Express expands Chinese footprint 💳🇨🇳

FinTech is Eating the World, 27 February

Hey Everyone,

Good morning & happy Thursday! Today we’re looking into PayPal which is strategically expanding its PYUSD stablecoin (what’s the play here, why it matters & what’s next + bonus deep dive into PayPal), Bitcoin ETFs that are facing a historic exodus as the crypto market cools (what it means & what can we expect next), and American Express which just expanded its Chinese footprint (what it matters, what’s ahead + bonus deep dive into AmEx & its competitors). So let’s jump straight into the intriguing stuff 🌶️

PayPal is strategically expanding its PYUSD stablecoin 🪙📈

Following the coins 🪙 In a recent investor day under CEO Alex Chriss, payments giant PayPal PYPL 0.00%↑ made it very clear it’s significantly expanding the role of its stablecoin (PYUSD) across its payment ecosystem.

Let’s take a quick look at the key initiatives, their strategic implications, and what’s next.