Paxos

Circle is pushing back against criticism of its USDC business model as rival stablecoin networks offer partners a larger slice of reserve income. The company says reserve earnings must support redemption, compliance, liquidity and product development, not just distribution incentives.

Arbitrum has joined the Global Dollar Network, bringing Paxos issued USDG into major DeFi venues across the Ethereum layer 2 ecosystem. The move gives Arbitrum and its builders a path to participate in stablecoin reserve economics as rival digital dollar alliances race for distribution.

AVAX has climbed nearly 50% in a week, reaching an eight-month high as institutional tokenization developments revive interest in Avalanche. Technical traders are watching whether a rebound from long-term wedge support can extend toward the $19-$20 area.

Swift’s blockchain settlement expansion and Stripe’s proposed PayPal bid highlight a new phase in the fight over global payment infrastructure. The focus is shifting from proving stablecoin technology to controlling wallets, merchant acceptance and settlement rails.

A potential Stripe acquisition of PayPal is stirring debate across fintech and crypto over who controls the rails behind consumer payments. Market participants say the biggest prize may be PayPal’s wallet reach, merchant network and stablecoin distribution rather than any single token.