Fintech firms are betting big on crypto in 2026. Having muscled into digital assets like never before in 2025, tech companies operating at the intersection of crypto and old-school finance now plan to strengthen their hold on the $3 trillion market. “2026 is going to be massive,” Leonid Bashlykov, crypto head of product at Revolut, said on LinkedIn when talking about the neobank’s plans. From hiring to launching bespoke blockchains, here’s how five of the most influential fintech firms are seizing the ...

As stablecoins become an increasingly prominent feature of the financial landscape, Noelle Acheson gives us her top five trends to watch out for. Adobe Stock Last week, I shared my list of major stablecoin developments in 2025 and what they teach us about the changing nature of money.Processing ContentThis week, I look ahead. Below, I share the top five key stablecoin-related trends impacting U.S. banks that I expect to see in the coming year. 1) We'll see more new nonbank issuers of stablecoins than ban ...

Stablecoins just had their biggest year on record. The total stablecoin market capitalization has grown by 49% in 2025, going from $205 billion in January to $306 billion at the end of November, according to data on crypto analytics platform DeFi Llama. The ballooning of the stablecoin category has been driven by very strong catalysts. In the past 12 months, stablecoin issuers have gained a U.S. regulatory framework, further clarity and rollout of MiCA in the European market, and the embrace of them by i ...

Key Takeaways PayPal trades at 10.25X forward P/E, well below industry peers, after shares fell 10.6% in three months.PYPL's 2025 and 2026 earnings estimates were revised higher, signaling improving fundamentals not priced in.PYPL is expanding via agentic commerce partnerships, BNPL features, an ads manager and plans for PayPal Bank.PayPal Holdings (PYPL) shares are trading cheap, as suggested by the Value Score of A. In terms of forward 12-month price-to-earnings (P/E), PayPal is currently trading at 10.24 ...

Core Insights - The fintech industry is highly competitive, with PayPal and StoneCo as notable players, each representing different market strategies and growth potentials [1][2]. PayPal Overview - PayPal is focusing on four strategic growth pillars: enhancing checkout, scaling omni-channel services, growing Venmo, and improving profitability for payment service providers (PSPs) [3]. - Venmo's revenue increased over 20% quarter-over-quarter in Q3 2025, with total payment volume (TPV) rising 14% [3]. - Branded checkout is a significant growth driver, with over 60% of branded volume in the U.S. processed through PayPal's enhanced platform [4]. - PayPal is investing in AI-driven e-commerce through partnerships with companies like OpenAI and Google Cloud to enhance shopping experiences [5]. - The company operates a stablecoin, PYUSD, and allows U.S. customers to use cryptocurrency for payments, ending Q3 2025 with $9 billion in cash and equivalents [6]. - Despite a 6% increase in TPV, payment transactions fell 5% year-over-year in Q3 2025, indicating challenges in user engagement [7]. StoneCo Overview - StoneCo reported an 18% year-over-year growth in adjusted net income for Q3 2025, achieving a consolidated return on equity (ROE) of 24% [8]. - The company is divesting non-core assets to focus on financial services, targeting a total addressable market of BRL 100 billion [9]. - StoneCo's MSMB client base grew 17.6% year-over-year to 4.7 million, with total payment volume increasing by 11% [11]. - Active banking clients rose 22% to 3.5 million, with client deposits increasing by 32%, providing a stable funding source [12]. - StoneCo's disciplined approach to pricing and credit provisioning has resulted in a 33% ROE in financial services, indicating strong profitability [13]. Comparative Analysis - StoneCo shows greater upside potential compared to PayPal, benefiting from growth in MSMB clients and the adoption of PIX transactions [10]. - PayPal's growth is driven by Venmo and branded checkout, but it faces declining transaction engagement [10]. - Earnings estimates for PayPal indicate year-over-year increases of 14.8% and 9.7% for 2025 and 2026, respectively [14]. - In contrast, StoneCo's earnings are expected to grow by 25.9% and 15.5% for the same years [17]. - Valuation metrics show PayPal trading at a forward P/E of 10.25X and StoneCo at 7.56X, both below their one-year medians [20]. Conclusion - Both PayPal and StoneCo are pursuing strategies to enhance their long-term prospects, with PayPal focusing on global scale and innovation, while StoneCo capitalizes on Brazil's MSMB segment and demonstrates strong growth potential [25][26].

来源：财经大瓜田 2025年12月25日，携程正式宣布其海外平台Trip.com开通全球稳定币支付功能，支持USDT及USDC。用 户通过以太坊、波场等主流公链完成支付，在越南等地预订机票最高可节省约18%的费用。这项由新加 坡持牌机构Triple-A支持的服务，极大简化了流程：预订酒店仅需提供姓名与邮箱，传统支付方式中复 杂的个人信息填写成为历史。 携程的"先斩后奏" 没有发布会，没有通稿，甚至没有官方公告。就在大家还在讨论传统旅游平台如何转型时，携程已经悄 然接入了稳定币支付功能。 这种"做了再说"的风格，与当年京东高调宣布布局区块链却进展缓慢形成鲜明对比。携程这波操作，更 像是互联网圈的一句老话："会叫的狗不咬人，咬人的狗不叫。" 程打响了国内企业稳定币支付的第一枪 链小智ChainThink链小智ChainThink2025年12月26日 18：15河北3人星标 这不仅是支付方式的迭代，更是在线旅游平台对传统金融体系覆盖"盲区"的一次精准手术。 当全球超 过80%的人口因缺乏国际信用卡或银行账户而被阻隔在无缝跨境支付之外时，稳定币正提供一条绕开传 统金融高墙的现实路径。 携程的此次尝试，看似是商业便利 ...

当我们在便利店扫码付款、给家人跨境转账，或是为线上课程买单时，支付方式正悄然迎来新变革。稳定币凭借与法币挂钩的稳定 价值，搭配区块链钱包的便捷管理功能，逐渐从加密货币领域走进日常支付场景。从义乌商户用稳定币收跨境货款，到年轻人用钱 包里的 USDC 充值视频会员，"稳定币 + 钱包" 的组合正在重构支付体验，成为传统支付工具的有力补充。 稳定币与区块链钱包的适配，首先解决了日常支付的 "价值波动" 与 "管理便捷" 两大核心需求。稳定币锚定美元、欧元等法定货 币，1USDT≈1 美元、1EUROC≈1 欧元的特性，让它避免了比特币等加密货币的价格暴涨暴跌，契合日常消费 "金额确定" 的需求 —— 比如用 100USDC 购买一双运动鞋，不会因币价波动导致实际支付成本忽高忽低。而区块链钱包则成为稳定币的 "随身管理工 具"，用户在钱包内可一键完成稳定币的接收、存储与转账，像管理手机余额一样轻松操作，部分钱包还支持将稳定币直接兑换为本 地法币，打通 "数字资产 - 实体消费" 的闭环。 在跨境支付场景中，"稳定币 + 钱包" 的优势尤为突出。传统跨境汇款依赖 SWIFT 网络，不仅要经过多家中介银行，手续费高达交 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 来源：@华夏时报微博 过去一年，全球稳定币总市值突破3000亿美元历史峰值，超过1%的美元以代币化稳定币形式存在于公 有区块链上，9月单月调整后交易量更是突破1.25万亿美元，创下历史新高。 基础设施的成熟为稳定币的爆发提供了坚实支撑。Solana等高吞吐量Layer 1链与以太坊Layer 2链的技术 迭代，让稳定币转账成本降至不足一美分，结算耗时缩短至一秒以内，突破了传统跨境支付的效率瓶 华夏时报记者 赵 奕 上海报道 稳定币在2025年走完了一场从狂热到理性的剧烈蜕变。这个曾被视为"加密生态压舱石"的赛道，在过去 一年以46万亿美元的年度交易额刷新纪录，3000亿美元的总市值登顶历史峰值，成为连接传统金融与区 块链世界的核心桥梁。 然而，在这场数字金融的年度盛宴背后，暗潮早已涌动。脱锚事件与合规争议频发，多国监管政策密集 落地，让稳定币褪去"稳赚不赔"的光环，暴露了储备资产隐忧与金融完整性短板的深层矛盾，也预示着 稳定币行业正进入合规重构的全新阶段。 从边缘到中枢 2025年，稳定币完成了从"加密旁支"到全球资金流动核心基础设施的转变。风投机构a16z发 ...

稳定币在2025年走完了一场从狂热到理性的剧烈蜕变。这个曾被视为"加密生态压舱石"的赛道，在过去 一年以46万亿美元的年度交易额刷新纪录，3000亿美元的总市值登顶历史峰值，成为连接传统金融与区 块链世界的核心桥梁。 然而，在这场数字金融的年度盛宴背后，暗潮早已涌动。脱锚事件与合规争议频发，多国监管政策密集 落地，让稳定币褪去"稳赚不赔"的光环，暴露了储备资产隐忧与金融完整性短板的深层矛盾，也预示着 稳定币行业正进入合规重构的全新阶段。 从边缘到中枢 2025年，稳定币完成了从"加密旁支"到全球资金流动核心基础设施的转变。风投机构a16z发布的报告显 示，稳定币在过去一年中实现了46万亿美元的交易总额，较前一年增长了106%。虽然这一数字主要反 映资金流动，而非零售支付，但规模已经几乎是Visa的3倍，并接近覆盖整个美国银行系统的ACH网 络。 过去一年，全球稳定币总市值突破3000亿美元历史峰值，超过1%的美元以代币化稳定币形式存在于公 有区块链上，9月单月调整后交易量更是突破1.25万亿美元，创下历史新高。 基础设施的成熟为稳定币的爆发提供了坚实支撑。Solana等高吞吐量Layer 1链与以太坊Laye ...

RT Jay Yu 🐟 (@0xfishylosopher)i read + annotated the entire 300+ page Messari 2026 thesis on a long-haul flight so you didn’t have to…my thoughts + takeaways:> the entire thing took me about 3hrs to cover back to back (better than expected). My 3 fav essays were “crypto money”, “tradfi x crypto”, and “decentralized Internet finance”. Covers 80% of the trends that happened this year. Honorable mentions on the crypto x AI and DePIN pieces. there’s an entire encyclopedia of the top50 chains that you can skim, ...