Visa Opens US Payments Network to Stablecoins
Visa is allowing US banks to settle payments using stablecoins like USDC, aiming for faster, cheaper, and more modern digital payments.
Visa is allowing US banks to settle payments using stablecoins like USDC, aiming for faster, cheaper, and more modern digital payments.
PayPal has filed applications to establish PayPal Bank, a Utah-chartered industrial loan company, aiming to expand small-business lending and offer savings accounts to customers.
JPMorgan upgrades Citi to Overweight, citing strong economy, markets, and improved profitability. Price target raised to $124.
Robinhood reported a sharp slowdown in November trading volumes, with equities, options, and crypto all declining month over month. Only prediction markets showed strong growth.
Bank of America upgrades Visa to Buy with a $382 price target, citing strong fundamentals, growth potential, and opportunities in stablecoins.
Bank of America downgraded PayPal to Neutral, lowering its price target to $68. The firm cites slower-than-expected progress in boosting branded checkout growth and expects limited near-term upside.