The post Coinbase Partners with PayPal to Offer Free PYUSD Stablecoin Conversions appeared on BitcoinEthereumNews.com.

Coinbase and PayPal have expanded their partnership to offer free conversions between PayPal’s stablecoin, PYUSD, and US dollars. This is to enhance the utilization of stablecoins in digital payments, which is a positive development both for firms in their attempt to adopt blockchain technology within the conventional financial markets. Coinbase Partners with PayPal to Support Stablecoin Usage PayPal and Coinbase have teamed up to offer zero-fee conversions for PYUSD on Coinbase’s platform. So, from now on, it is possible to buy, sell, and trade PYUSD without fees on the platform. Furthermore, Coinbase users will be able to exchange their PYUSD 1:1 for US dollars. This arrangement seeks to demystify the stablecoin and ensure that its use is feasible in day-to-day activities. PayPal’s president and CEO, Alex Chriss, also praised the partnership, saying, “We are thrilled to advance new, exciting, and innovative use cases with Coinbase and the broader crypto ecosystem, with PYUSD at the core of it and focusing on adding value and more utility to Digital currencies for developers, customers, and other consumers.” The move also includes more support for the merchants. PayPal also plans to bring PYUSD to its global network of merchants, which could expand the utility of stablecoins in real-world transactions. Amid these developments, the crypto exchange Coinbase filed with the CFTC to launch XRP futures earlier this month, offering a regulated way for investors to gain exposure to XRP. Increased Utility for Coinbase Customers Coinbase’s involvement is invaluable since it provides a direct gateway to millions of potential customers. With this new partnership,  the crypto exchange plans to incorporate PYUSD into its services to provide users with a quick means of exchanging USD for PYUSD without incurring a fee. This zero-fee applies to Coinbase’s retail usage and also applies to institutional clients. Brian Armstrong, the…

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Filed under: News - @ April 25, 2025 4:21 am