The payments giant will fold PYUSD, Braintree, and merchant processing into a new Payment Services & Crypto division, marking the first time digital assets have a dedicated home within the company.
PayPal Holdings is restructuring around three operating divisions, and crypto is getting its own pillar.
The payments giant on Wednesday said it would reorganize into Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto, according to a press release.
The new Payment Services & Crypto unit will fold the company’s Braintree processing arm, small and medium business merchant services, value-added services, and digital asset operations, including the PYUSD stablecoin, into a single offering aimed at merchants. Jeff Pomeroy will run the division on an interim basis.
The reorganization marks the first time PayPal has given crypto a dedicated home inside its corporate structure, signaling a deeper commitment to digital assets after years of measured experimentation. PYUSD, the company’s dollar-pegged stablecoin issued by Paxos, now sits alongside the merchant rails that could distribute it at scale.
The move comes as stablecoins push further into mainstream payments. B2B stablecoin payments grew more than 730% year-over-year in 2025, and PayPal has been positioning itself for the agentic payments era, joining Circle, Base and Ripple as a backer of MoonPay’s Open Wallet Standard for AI agents earlier this year.
PayPal President and CEO Enrique Lores said the company needs to “recommit to our fundamentals” by aligning around three businesses, simplifying operations, and sharpening accountability.
Shares of PYPL rose more than 2% following the announcement.
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