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PayPal is selling $7 billion in loan assets while fast-tracking its application for a banking license. At first glance, these actions seem at odds, but they represent a decisive move as stablecoins and regulatory changes prepare to redefine the financial system. This article explores the risks of Banking-as-a-Service (BaaS), gaps in Industrial Loan Company (ILC) regulation, the battle for stablecoin issuance rights, and capital structure transformation. It uncovers why PayPal must go all in before the window of opportunity closes, aiming to seize a strategic advantage in the new era of crypto finance.