Coinbase Partners With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

PayPal USD (PYUSD) is rapidly approaching a $1 billion market cap milestone, and its adoption is being bolstered by a strategic partnership with Coinbase. The collaboration allows Coinbase users to buy, sell, and trade PYUSD without platform fees. PayPal Holdings Inc. and Coinbase Global Inc., announced this partnership on April 24th, with the aim of increasing the global use of the stablecoin. The companies have been working together to facilitate crypto asset purchases and trades, leveraging their combined user base for seamless integration.