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Coinbase ends PayPal stablecoin fee as payment race heats up
PYPLPayPal(PYPL) CNBC·2025-04-24 21:30

Coinbase is removing fees for purchases of PayPal's stablecoin as part of a broader effort to increase the use of the coin, and an attempt to boost on-chain payment opportunities for consumers and institutional users. In a blog post Thursday, Coinbase said it aims "to accelerate the adoption, distribution, and utilization of the PayPal USD (PYUSD)," the U.S. dollar-pegged stablecoin that has lagged the market since it launched in 2023. With a market cap of only about $730 million, it PayPal USD controls les ...