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Coinbase Expands Partnership with PayPal to "Advance Stablecoin Payments"

  • Coinbase and PayPal announced a new partnership on April 24, 2025, to accelerate PayPal USD stablecoin adoption.
  • The collaboration addresses PayPal USD lagging the market and aims to accelerate stablecoin adoption globally and enhance utility.
  • Specifically, the agreement allows fee-free conversions between USD and PYUSD and explores use cases in commerce and finance.
  • PayPal USD's market capitalization totals approximately $730 million, while PayPal CEO Alex Chriss aims to drive "further utility".
  • Ultimately, the partnership aims to encourage growth in stablecoin transaction volume and enhance utility for global users and businesses.
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crypto.news broke the news in on Thursday, April 24, 2025.
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