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Coinbase and PayPal Join Forces to Boost PYUSD Adoption

4/25/2025

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Summary

Story summary

Coinbase and PayPal have strengthened their partnership to promote PayPal USD (PYUSD), a stablecoin backed by the U.S. dollar.
Users can buy and sell PYUSD on Coinbase without transaction fees and convert it directly to U.S. dollars.
This collaboration seeks to boost stablecoin adoption for everyday transactions and explore new commerce and decentralized finance applications.
PYUSD's market cap is around $868 million, notably lower than competitors like Tether and USDC.

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Story summary

Coinbase and PayPal have strengthened their partnership to promote PayPal USD (PYUSD), a stablecoin backed by the U.S. dollar.
Users can buy and sell PYUSD on Coinbase without transaction fees and convert it directly to U.S. dollars.
This collaboration seeks to boost stablecoin adoption for everyday transactions and explore new commerce and decentralized finance applications.
PYUSD's market cap is around $868 million, notably lower than competitors like Tether and USDC.