PayPal 股價飆升，其穩定幣 PYUSD 市值突破 9 億美元

該公司於 2023 年 8 月推出的穩定幣 PayPal USD (PYUSD) 一直表現良好。數據顯示，過去幾週其市值大幅上漲。

PayPal stock has entered a bull market, rising by over 26% from its lowest point this month.

PayPal 股價已進入多頭市場，較本月最低點上漲超過 26%。

PayPal USD stablecoin’s market cap

PayPal 美元穩定幣的市值

PayPal USD (PYUSD), the company’s stablecoin launched in August 2023, has been performing well.

該公司於 2023 年 8 月推出的穩定幣 PayPal USD (PYUSD) 一直表現良好。

Data shows that its market cap has jumped sharply in the past few weeks, crossing the psychological level of $907 million on Aug. 21. This marks significant growth for a stablecoin whose market cap started the year at $264 million.

數據顯示，其市值在過去幾週大幅躍升，在 8 月 21 日突破了 9.07 億美元的心理水平。

Stablecoin issuers like PayPal make money in two main ways: interest rates and transaction costs. With U.S. interest rates between 5.25% and 5.5%, PayPal could earn over $50 million annually in interest.

像 PayPal 這樣的穩定幣發行商主要透過兩種方式賺錢：利率和交易成本。美國利率在 5.25% 至 5.5% 之間，PayPal 每年可賺取超過 5,000 萬美元的利息。

Tether (USDT), the biggest stablecoin, with over $117 billion in assets, made a quarterly profit of over $4.5 billion in the first quarter of 2024. Most of this revenue came from interest, while the rest was from mark-to-market gains on assets like Bitcoin and gold.

Tether（USDT）是最大的穩定幣，擁有超過 1,170 億美元的資產，2024 年第一季的季度利潤超過 45 億美元。資產。

PayPal’s challenge is that the stablecoin industry has become highly competitive. In addition to Tether, Circle’s USD Coin (USDC) has become popular, having over $34 billion in assets. Ripple is currently developing its stablecoin offering, RLUSD, which will be backed 1:1 with the US dollar.

PayPal 面臨的挑戰是穩定幣產業的競爭已經變得非常激烈。除了 Tether 之外，Circle 的美元硬幣（USDC）也很受歡迎，擁有超過 340 億美元的資產。 Ripple 目前正在開發其穩定幣產品 RLUSD，該產品將與美元以 1:1 的比例支援。

Moreover, Ethena has launched USDe, which has accumulated over $3 billion in assets, while Ondo OUSD has $340 million in assets. These stablecoins are becoming popular because they reward their holders with monthly returns. For instance, USDY has a 5.35% APY derived from U.S. Treasuries investments.

此外，Ethena 還推出了 USDe，累計資產超過 30 億美元，Ondo OUSD 則擁有 3.4 億美元的資產。這些穩定幣變得越來越受歡迎，因為它們會每月為持有者帶來回報。例如，USDY 的年利率為 5.35%，來自美國公債投資。

PayPal stock soars

貝寶股價飆漲

PayPal’s stock is also benefitting, having risen to its highest level in over 52 weeks, pushing its valuation to over $71 billion. Still, the stock remains much lower than its pandemic-era high of $309 when its valuation peaked at over $300 billion.

PayPal 的股價也受益匪淺，已升至 52 週以來的最高水平，使其估值超過 710 億美元。儘管如此，該股仍遠低於疫情期間 309 美元的高點，當時其估值曾超過 3,000 億美元。

The stock jump follows recent upgrades by several analysts. For instance, Daiwa analysts have upgraded the stock from neutral to outperform, stating that the company will come out on top despite facing significant competition from the likes of Apple, Google, and Affirm.

幾位分析師最近上調了該股的評級。例如，大和分析師將該股評級從中性上調至跑贏大盤，並表示儘管面臨蘋果、谷歌和 Affirm 等公司的激烈競爭，該公司仍將脫穎而出。

Meanwhile, Argus Research analysts have upgraded the stock from a buy to a hold, while analysts at Mizuho, JPMorgan, and Barclays have maintained their outperform ratings.

同時，阿格斯研究分析師將該股從買進上調至持有，而瑞穗、摩根大通和巴克萊的分析師則維持優於大盤的評等。

The recovery also follows PayPal posting mixed second-quarter financial results. Revenue increased by 8% to $7.8 billion, while active accounts declined again to 429 million. PayPal also continued returning cash to investors through stock buybacks.

PayPal 公佈第二季財務業績好壞參半後也出現了復甦。營收成長 8% 至 78 億美元，而活躍帳戶數再次下降至 4.29 億。貝寶也繼續透過股票回購向投資者返還現金。

While it is still early, the stock could continue to rally now that it has crossed over on the golden cross chart pattern. This popular bullish pattern occurs when the 50-day and 200-day Exponential Moving Averages cross.

雖然現在還為時過早，但該股既然已經在黃金十字圖表模式上交叉，可能會繼續上漲。當 50 天和 200 天指數移動平均線交叉時，就會出現這種流行的看漲模式。

Interestingly, the stock has now crossed a crucial resistance level at $70.69, which was the previous year-to-date high. The recovery is also taking place in a high-volume environment, while the accumulation/distribution indicator has been trending up.

有趣的是，該股現已突破關鍵阻力位 70.69 美元，這是去年迄今的高點。復甦也發生在高成交量的環境中，而吸籌/發放指標一直呈上升趨勢。