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PayPal has launched a new feature for its business accounts, allowing merchants to automatically convert a portion of their stablecoin revenue into Bitcoin. This "Auto-Sweep" feature enables over 30 million global merchants to set a threshold for converting daily revenue in PYUSD to BTC, which is then stored in a compliant corporate custody vault. This initiative marks a significant step in integrating Bitcoin treasuries into traditional retail operations.In a separate development, Reddit disclosed its use of Ethereum and MATIC holdings to cover gas fees for its decentralized community points and digital avatars. This move positions Reddit as a pioneer among Web2 companies in demonstrating the operational necessity of crypto treasuries, rather than viewing them as speculative assets.Additionally, Fidelity has successfully piloted blockchain-based shareholder voting, aligning with Nasdaq's efforts in stock tokenization. This advancement could streamline equity governance and dividend distribution, replacing traditional settlement systems.

BTC+1.37%ETH+1.71%MATIC-9.52%PYUSD-0.01%

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