PayPal and Coinbase have announced an expanded partnership aimed at growing the use of PayPal USD (PYUSD), their U.S. dollar-backed stablecoin.
As part of the collaboration, Coinbase users can now buy and sell PYUSD with zero transaction fees, while also benefiting from easy one-to-one conversions between PYUSD and U.S. dollars.
Making Stablecoins Easier to Use
The partnership focuses on simplifying how users access and use PYUSD. Coinbase will support PYUSD through both its retail and institutional services, including its trusted trading and custody platforms.
This means that everyday users and large investors alike can now manage their stablecoin transactions without worrying about extra charges.
Shared Vision for Stablecoin Adoption
According to Coinbase and PayPal, the goal is to improve access to stablecoins and help people use them in real-life financial activities. This includes using PYUSD for peer-to-peer payments, savings, trading, or as a stable store of value in the crypto market. The companies believe that working together will help stablecoins play a bigger role in the future of digital payments.
Coinbase CEO Brian Armstrong has been involved in shaping this collaboration, which is expected to go beyond just fee-free trading. The partnership is also exploring new ways stablecoins can be used in everyday commerce, including faster payments, cross-border transactions, and integration into other financial tools and platforms.