PayPal 股价飙升，其稳定币 PYUSD 市值突破 9 亿美元

该公司于 2023 年 8 月推出的稳定币 PayPal USD (PYUSD) 一直表现良好。数据显示，过去几周其市值大幅上涨。

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

PayPal 股价已进入牛市，较本月最低点上涨超过 26%。

PayPal USD stablecoin’s market cap

PayPal 美元稳定币的市值

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

该公司于 2023 年 8 月推出的稳定币 PayPal USD (PYUSD) 一直表现良好。

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.

数据显示，其市值在过去几周大幅跃升，在 8 月 21 日突破了 9.07 亿美元的心理水平。这标志着年初市值为 2.64 亿美元的稳定币出现了显着增长。

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 这样的稳定​​币发行商主要通过两种方式赚钱：利率和交易成本。美国利率在 5.25% 至 5.5% 之间，PayPal 每年可赚取超过 5000 万美元的利息。

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）是最大的稳定币，拥有超过 1170 亿美元的资产，2024 年第一季度的季度利润超过 45 亿美元。其中大部分收入来自利息，其余来自按市价计价的收益比特币和黄金等资产。

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 面临的挑战是稳定币行业的竞争已经变得非常激烈。除了 Tether 之外，Circle 的美元硬币（USDC）也很受欢迎，拥有超过 340 亿美元的资产。 Ripple 目前正在开发其稳定币产品 RLUSD，该产品将与美元以 1:1 的比例支持。

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 还推出了 USDe，累计资产超过 30 亿美元，Ondo OUSD 则拥有 3.4 亿美元的资产。这些稳定币变得越来越受欢迎，因为它们会每月给持有者带来回报。例如，USDY 的年利率为 5.35%，来自美国国债投资。

PayPal stock soars

贝宝股价飙升

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 的股价也受益匪浅，已升至 52 周以来的最高水平，使其估值超过 710 亿美元。尽管如此，该股仍远低于疫情期间 309 美元的高点，当时其估值曾超过 3000 亿美元。

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.

几位分析师最近上调了该股的评级。例如，大和分析师将该股评级从中性上调至跑赢大盘，并表示尽管面临苹果、谷歌和 Affirm 等公司的激烈竞争，该公司仍将脱颖而出。

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.

与此同时，阿格斯研究分析师将该股从买入上调至持有，而瑞穗、摩根大通和巴克莱的分析师则维持优于大盘的评级。

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 公布第二季度财务业绩好坏参半后也出现了复苏。收入增长 8% 至 78 亿美元，而活跃账户数再次下降至 4.29 亿。贝宝还继续通过股票回购向投资者返还现金。

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.

虽然现在还为时过早，但该股既然已经在黄金十字图表模式上交叉，可能会继续上涨。当 50 天和 200 天指数移动平均线交叉时，就会出现这种流行的看涨模式。

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，该股现已突破关键阻力位 70.69 美元，这是去年迄今的高点。复苏也发生在高成交量的环境中，而吸筹/派发指标一直呈上升趋势。