PayPal has announced a major reorganization, consolidating its crypto operations, including the PYUSD stablecoin, with payment services into a new division called Payment Services & Crypto. This move, effective April 29, 2026, is part of a broader restructuring into three core business units, which also include Checkout Solutions & PayPal and Consumer Financial Services & Venmo. Jeff Pomeroy will serve as the interim lead of the new unit. The reorganization reflects PayPal's strategy to integrate digital assets into its core commercial infrastructure, positioning crypto as a key component of its merchant-facing services. This structural change is seen as a commitment to growth and operational efficiency, as stated by CEO Enrique Lores. PayPal's shares rose 2.6% following the announcement. Further details on the new operating model will be provided during PayPal's earnings call on May 5.