Coinbase and PayPal have forged a new partnership to offer free conversion of USDP stablecoin PYUSD between USD and PYUSD. This initiative is part of a broader effort to increase the adoption of digital currencies globally. The collaboration’s announcement came on April 24, 2025, emphasizing the importance of seamless access to stablecoins for both users and businesses worldwide. Key features include zero-fee conversions and real-time merchant settlements, facilitated by Coinbase’s market expertise and liquidity. This move could boost stablecoin transaction volume significantly as PayPal’s user base will be coupled with Coinbase’s exchange capabilities. Experts believe this partnership has the potential to significantly accelerate activity in DeFi sectors.