Native Markets Secures Victory in Competition for Hyperliquid Stablecoin USDH, Outpacing Paxos and Competitors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 15 2025
0mins
Should l Buy PYPL?
Source: Yahoo Finance
Native Markets Wins USDH Bid: Native Markets has secured the USDH ticker for Hyperliquid’s stablecoin after a competitive governance vote, defeating Paxos and other contenders, with plans for a phased rollout supported by validator commitments.
Paxos' Revised Proposal: Despite a revised proposal that included deep PayPal integration and a $20 million incentive plan, Paxos failed to gain traction, while criticism arose regarding the governance process favoring Native Markets.
Phased Rollout and Reserve Strategy: Native Markets plans to implement a phased rollout of USDH, starting with limited minting trials, and will manage reserves through BlackRock and Superstate, aiming to support Hyperliquid's growth.
Market Growth Projections: The stablecoin market is projected to exceed $2 trillion by 2028, with Ripple CEO Brad Garlinghouse predicting significant growth, while Western Union shows interest in using stablecoins for remittance modernization.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PYPL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PYPL
Wall Street analysts forecast PYPL stock price to rise
29 Analyst Rating
6 Buy
19 Hold
4 Sell
Hold
Current: 45.230
Low
51.00
Averages
72.86
High
100.00
Current: 45.230
Low
51.00
Averages
72.86
High
100.00
About PYPL
PayPal Holdings, Inc. offers a technology platform. The Company’s products are designed to enable digital payments and simplify commerce experiences for consumers and merchants to make selling, shopping, and sending and receiving money simple, personalized, and secure, online or offline, including mobile. It provides consumers with a digital wallet that enables them to send payments to merchants securely using a variety of funding sources, which include a bank account, a PayPal or Venmo account balance, its consumer credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products. It operates a global, two-sided network at scale that connects consumers and merchants with 434 million active accounts across approximately 200 markets. Its brands include PayPal, Braintree, Venmo, Xoom, Hyperwallet, PayPal Zettle, PayPal Honey, and Paidy. It offers financing products through the PayPal Working Capital (PPWC) and PayPal Business Loan (PPBL).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Multiple Companies Face Class Action Lawsuits
- Kyndryl Lawsuit Overview: Kyndryl Holdings, Inc. faces a class action lawsuit for materially misstated financial statements and inadequate internal controls during the period from August 2024 to February 2026, which severely undermines investor confidence and could negatively impact its stock performance.
- PayPal Lawsuit Details: PayPal Holdings, Inc. is accused in a class action lawsuit from February 2025 to February 2026 of overstating its business execution capabilities and dismissing competitive concerns, leading to a decline in investor trust and potential adverse effects on its market share.
- NuScale Lawsuit Background: NuScale Power Corporation is facing a class action lawsuit for failing to disclose significant risks associated with its nuclear projects during the period from May 2025 to November 2025, which could jeopardize its commercialization strategy and affect future financing and project timelines.
- Corcept Lawsuit Issues: Corcept Therapeutics Incorporated is under scrutiny in a class action lawsuit from October 2024 to January 2026 for not meeting FDA requirements regarding the effectiveness assessment of its drug, which may lead to significant review challenges for its new drug application and impact the company's future competitiveness.
See More
Visa Launches Six AI Tools to Streamline Dispute Resolution
- Dispute Resolution Innovation: Visa has launched six new tools designed to leverage artificial intelligence to streamline the credit card dispute process, which is expected to significantly reduce costs and complexities for merchants, issuers, and acquirers while enhancing overall customer experience.
- Surge in Dispute Volume: In 2025, Visa processed over 106 million charge disputes globally, marking a 35% increase since 2019, highlighting the urgent need for efficient processing tools that enhance the company's competitive edge in the market.
- Merchant Support Features: Three of the new tools focus on merchants, enabling them to proactively manage disputes before escalation by providing generative AI responses and detailed order insights, thereby reducing disputes arising from unfamiliar charges and improving customer satisfaction.
- Comprehensive Automation Platform: The other three tools support issuers and acquirers by utilizing predictive AI models for case analysis and establishing an integrated dispute management platform, aiming to shift from reactive to proactive management, thereby enhancing processing efficiency.
See More
PayPal Faces Securities Class Action Lawsuit
- Leadership Change: PayPal announced the sudden departure of CEO Alex Chriss on February 3, 2026, admitting that execution on its 'Branded Checkout' initiative was below expectations and retracting its 2027 financial targets, highlighting a significant disconnect between internal operations and public optimism.
- Lawsuit Background: Hagens Berman has filed a class action lawsuit against PayPal and its executives, alleging violations of federal securities laws during the class period from February 25, 2025, to February 2, 2026, seeking to recover losses for all investors who purchased PayPal stock during this timeframe.
- Stock Price Crash: Following the leadership change and withdrawal of financial targets, PayPal's stock plummeted from $52.33 on February 2, 2026, to $41.70 on February 3, 2026, erasing over $10 billion in shareholder value in a single day, significantly impacting investor confidence.
- Investor Action: Investors are urged to apply by April 20, 2026, to become Lead Plaintiff in the lawsuit, reflecting a strong concern for corporate governance and transparency in light of the recent developments.
See More
PayPal's Growth Outlook for the Next Three Years
- Stock Decline: PayPal's stock has fallen approximately 40% over the past three years due to stagnant account and sales growth, although it currently trades at a historically low P/E ratio of nine times earnings, indicating potential undervaluation.
- Revenue Growth Constraints: Following eBay's switch to Adyen in 2018, PayPal's revenue growth faced significant throttling; while the pandemic provided temporary relief, sustaining that momentum has proven challenging amid increasing competition.
- User Growth Stagnation: From 2022 to 2025, PayPal's active accounts grew marginally from 435 million to 439 million, yet its revenue increased at a 6% CAGR, primarily driven by enhanced transaction frequency per user and effective cost management.
- Future Growth Expectations: Analysts forecast that from 2025 to 2028, PayPal's revenue and EPS will grow at CAGRs of 4% and 6%, respectively, with steady growth anticipated through the introduction of new products and services, enhancing its market position.
See More
PayPal's Growth Slows, Stock Appears Undervalued
- Growth Challenges: PayPal's stock has declined approximately 40% over the past three years due to stalled account and sales growth, although its current P/E ratio of nine times earnings suggests potential undervaluation.
- Revenue Setbacks: The loss of eBay as a payment partner in 2018 throttled PayPal's revenue growth, and while the pandemic provided temporary relief, sustaining that momentum has proven difficult amid increasing competition.
- Declining Take Rates: PayPal's transaction take rate has dropped from 2.89% in 2015 to 1.66% in 2025, primarily due to reliance on lower-margin platforms like Braintree and Venmo, which has pressured overall profitability.
- Future Outlook: Analysts expect PayPal's revenue and EPS to grow at CAGRs of 4% and 6% from 2025 to 2028, respectively, with the potential for its stock to double to over $100 in the next three years, contingent on stabilizing its profitability metrics.
See More
Market Dynamics and Company Outlook
- Oil Price Fluctuations: Brent crude oil prices surged by 4%, surpassing $117 per barrel, leading U.S. gas prices to exceed $4 per gallon; while the S&P 500 is expected to open higher, the market faces cost pressures from rising oil prices, potentially impacting overall economic recovery.
- Marvell and Nvidia Partnership: Marvell shares surged nearly 10% after announcing a strategic partnership with Nvidia, which will invest $2 billion to enhance the connectivity of Marvell's custom processors with Nvidia's networking technology, thereby strengthening Marvell's competitive position in the AI chip market.
- McCormick Acquires Unilever's Food Business: McCormick announced a $45 billion deal to acquire Unilever's food business, which will significantly expand its market share in spices and condiments, despite reporting only 1.2% organic sales growth in the last quarter, enhancing brand influence.
- Wells Fargo Downgrades Ford: Wells Fargo cut its price target for Ford from $11 to $10 and reiterated a sell rating, with analysts concerned that the fallout from the Iran war will increase raw material and freight costs, potentially impacting the profitability of automakers.
See More
Multiple Companies Face Class Action Lawsuits
- Kyndryl Lawsuit Overview: Kyndryl Holdings, Inc. faces a class action lawsuit for materially misstated financial statements and inadequate internal controls during the period from August 2024 to February 2026, which severely undermines investor confidence and could negatively impact its stock performance.
- PayPal Lawsuit Details: PayPal Holdings, Inc. is accused in a class action lawsuit from February 2025 to February 2026 of overstating its business execution capabilities and dismissing competitive concerns, leading to a decline in investor trust and potential adverse effects on its market share.
- NuScale Lawsuit Background: NuScale Power Corporation is facing a class action lawsuit for failing to disclose significant risks associated with its nuclear projects during the period from May 2025 to November 2025, which could jeopardize its commercialization strategy and affect future financing and project timelines.
- Corcept Lawsuit Issues: Corcept Therapeutics Incorporated is under scrutiny in a class action lawsuit from October 2024 to January 2026 for not meeting FDA requirements regarding the effectiveness assessment of its drug, which may lead to significant review challenges for its new drug application and impact the company's future competitiveness.
See More
Visa Launches Six AI Tools to Streamline Dispute Resolution
- Dispute Resolution Innovation: Visa has launched six new tools designed to leverage artificial intelligence to streamline the credit card dispute process, which is expected to significantly reduce costs and complexities for merchants, issuers, and acquirers while enhancing overall customer experience.
- Surge in Dispute Volume: In 2025, Visa processed over 106 million charge disputes globally, marking a 35% increase since 2019, highlighting the urgent need for efficient processing tools that enhance the company's competitive edge in the market.
- Merchant Support Features: Three of the new tools focus on merchants, enabling them to proactively manage disputes before escalation by providing generative AI responses and detailed order insights, thereby reducing disputes arising from unfamiliar charges and improving customer satisfaction.
- Comprehensive Automation Platform: The other three tools support issuers and acquirers by utilizing predictive AI models for case analysis and establishing an integrated dispute management platform, aiming to shift from reactive to proactive management, thereby enhancing processing efficiency.
See More
PayPal Faces Securities Class Action Lawsuit
- Leadership Change: PayPal announced the sudden departure of CEO Alex Chriss on February 3, 2026, admitting that execution on its 'Branded Checkout' initiative was below expectations and retracting its 2027 financial targets, highlighting a significant disconnect between internal operations and public optimism.
- Lawsuit Background: Hagens Berman has filed a class action lawsuit against PayPal and its executives, alleging violations of federal securities laws during the class period from February 25, 2025, to February 2, 2026, seeking to recover losses for all investors who purchased PayPal stock during this timeframe.
- Stock Price Crash: Following the leadership change and withdrawal of financial targets, PayPal's stock plummeted from $52.33 on February 2, 2026, to $41.70 on February 3, 2026, erasing over $10 billion in shareholder value in a single day, significantly impacting investor confidence.
- Investor Action: Investors are urged to apply by April 20, 2026, to become Lead Plaintiff in the lawsuit, reflecting a strong concern for corporate governance and transparency in light of the recent developments.
See More
PayPal's Growth Outlook for the Next Three Years
- Stock Decline: PayPal's stock has fallen approximately 40% over the past three years due to stagnant account and sales growth, although it currently trades at a historically low P/E ratio of nine times earnings, indicating potential undervaluation.
- Revenue Growth Constraints: Following eBay's switch to Adyen in 2018, PayPal's revenue growth faced significant throttling; while the pandemic provided temporary relief, sustaining that momentum has proven challenging amid increasing competition.
- User Growth Stagnation: From 2022 to 2025, PayPal's active accounts grew marginally from 435 million to 439 million, yet its revenue increased at a 6% CAGR, primarily driven by enhanced transaction frequency per user and effective cost management.
- Future Growth Expectations: Analysts forecast that from 2025 to 2028, PayPal's revenue and EPS will grow at CAGRs of 4% and 6%, respectively, with steady growth anticipated through the introduction of new products and services, enhancing its market position.
See More
PayPal's Growth Slows, Stock Appears Undervalued
- Growth Challenges: PayPal's stock has declined approximately 40% over the past three years due to stalled account and sales growth, although its current P/E ratio of nine times earnings suggests potential undervaluation.
- Revenue Setbacks: The loss of eBay as a payment partner in 2018 throttled PayPal's revenue growth, and while the pandemic provided temporary relief, sustaining that momentum has proven difficult amid increasing competition.
- Declining Take Rates: PayPal's transaction take rate has dropped from 2.89% in 2015 to 1.66% in 2025, primarily due to reliance on lower-margin platforms like Braintree and Venmo, which has pressured overall profitability.
- Future Outlook: Analysts expect PayPal's revenue and EPS to grow at CAGRs of 4% and 6% from 2025 to 2028, respectively, with the potential for its stock to double to over $100 in the next three years, contingent on stabilizing its profitability metrics.
See More
Market Dynamics and Company Outlook
- Oil Price Fluctuations: Brent crude oil prices surged by 4%, surpassing $117 per barrel, leading U.S. gas prices to exceed $4 per gallon; while the S&P 500 is expected to open higher, the market faces cost pressures from rising oil prices, potentially impacting overall economic recovery.
- Marvell and Nvidia Partnership: Marvell shares surged nearly 10% after announcing a strategic partnership with Nvidia, which will invest $2 billion to enhance the connectivity of Marvell's custom processors with Nvidia's networking technology, thereby strengthening Marvell's competitive position in the AI chip market.
- McCormick Acquires Unilever's Food Business: McCormick announced a $45 billion deal to acquire Unilever's food business, which will significantly expand its market share in spices and condiments, despite reporting only 1.2% organic sales growth in the last quarter, enhancing brand influence.
- Wells Fargo Downgrades Ford: Wells Fargo cut its price target for Ford from $11 to $10 and reiterated a sell rating, with analysts concerned that the fallout from the Iran war will increase raw material and freight costs, potentially impacting the profitability of automakers.
See More
