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JPYC, the electronic payment instrument stablecoin issued by JPYC Inc., will list on Upbit, South Korea's largest cryptocurrency exchange, on September 17. It will begin trading alongside PayPal's dollar-denominated stablecoin PYUSD, with both tokens listing on three markets: Korean won, Bitcoin, and USDT. Trading is scheduled to start at 12:00 that day for PYUSD and 18:00 for JPYC. According to Upbit's announcement, JPYC's trading start was pushed back from the originally planned 12:00, first to 15:00 and then to 18:00, and the deposit and withdrawal network for both tokens will be Ethereum only. JPYC is issued on multiple chains including Ethereum, Avalanche, and Polygon, but Upbit will support only the Ethereum version. Noritaka Okabe, representative director of JPYC Inc., told CoinPost he was surprised that the token would be handled by Upbit, South Korea's largest exchange, before domestic electronic payment instrument operators, and said he sees great potential in the fact that the 1 million yen cap on issuance and redemption does not apply to overseas exchanges. He expressed hope that this listing would become one of the triggers for reviewing the 1 million yen issuance and redemption limit in Japan.

PayPal has debuted a developer platform tied to its PYUSD stablecoin that will let businesses launch custom digital dollar products. The platform, called PYUSDx, is being launched in conjunction with MoonPay and allows companies to create customized digital dollars backed by PayPal's PYUSD. Three products are already live on the platform: Saturn's USDT, Concrete's Conc USD, and Caps' CUSD. The platform says these products have already processed more than $100 million. The offering effectively gives businesses a white-label way to launch a stablecoin using PayPal's technology and reserves while keeping their own name and branding.

Payments giant Stripe and private equity firm Advent International have reportedly submitted a joint confidential proposal to buy PayPal for $60.50 a share, valuing the company at over $53 billion. The offer represents a 28% premium over PayPal’s closing price before the news and is backed by about $50 billion in committed bank financing. Under the proposed terms, Stripe and Advent would take equal stakes and run PayPal as a 50/50 joint partnership, keeping the company intact rather than breaking it up. The bid highlights how far PayPal has fallen from its pandemic-era peak market cap of roughly $360 billion, and it comes amid a turnaround push by PayPal’s new CEO targeting over $1 billion in cost savings. For Stripe, a private company reportedly valued at around $160 billion, absorbing PayPal would dramatically scale its consumer footprint and add PayPal’s stablecoin to its ecosystem, though the deal’s structure raises questions about strategic fit and potential tensions between a growth-focused fintech and a private equity firm.

Stripe and Advent International have submitted an all-cash proposal to acquire PayPal for about $53 billion, or $60.50 per share, according to media reports. The offer represents a 28% premium to PayPal's unaffected closing price of $47.37 and includes roughly $17 billion of equity and committed bank financing. Analysts at Cantor Fitzgerald, Bernstein and Mizuho questioned whether the price would secure a deal, with Cantor's sum-of-the-parts analysis valuing PayPal closer to $70 per share. Stripe's incentives include adding PayPal's Braintree platform, which processes around $700 billion annually, and gaining access to 231 million monthly active consumers, including 67 million Venmo users. The deal would also combine Stripe's stablecoin infrastructure with PayPal's PYUSD, which has a market capitalisation of about $3 billion. Regulatory scrutiny is expected for a combination that would process about $3.2 trillion annually and account for more than 30% of global e-commerce.