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PayPal and Coinbase deepen ties to boost PYUSD stablecoin adoption, offering fee-free trade

Coinbase waives fees on PayPal’s stablecoin in crypto payments push

(Reuters) -Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down on crypto payments. The move is part of a joint effort by Coinbase and PayPal to increase the adoption of PayPal's stablecoin, called PYUSD, which it launched in 2023.

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