Coinbase Removes Fees on PayPal’s PYUSD Stablecoin, Expanding Reach

Coinbase is removing transaction fees for payments using PayPal’s stablecoin, PYUSD. This move expands support beyond USDC and aims to boost the adoption of PYUSD by making it more competitive in the growing stablecoin market. Through a partnership with PayPal, merchants on their network will be able to settle transactions in PYUSD without relying on traditional payment rails. The initiative seeks to bring stablecoin payments into mainstream use through a combination of consumer reach from PayPal and institutional access offered by Coinbase.