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PayPal Stock Keeps Crashing - My Thoughts After EarningsOnline payments giant PayPal to launch new U.S. dollar-backed stablecoin for cryptocurrency payments. PYPL stock surged Monday on the news. PAYPAL added nearly US$4 billion to its market value after a pledge to turn �leaner� fired up investors, even as the payments giant. PayPal Holdings added nearly $4 billion to its market value after a pledge to turn "leaner" fired up investors, even as the payments giant.