Zero-Fee PYUSD: Coinbase and PayPal Aim to Gut Card Fees and Fast-Track Stablecoin Payments

In a bold bid to reshape the digital payments landscape, Coinbase and PayPal have joined forces to eliminate fees on transactions involving PayPal USD (PYUSD) – PayPal’s U.S. dollar-pegged stablecoin. Announced on April 24, 2025, this expanded partnership between one of the world’s largest cryptocurrency exchanges and the global payments giant marks a significant step toward mainstream adoption of stablecoins in everyday commerce. By offering fee-free conversions between PYUSD and U.S. dollars on Coinbase platforms and actively exploring new uses for the digital currency, the two companies are laying groundwork for a future where sending money could become as instant and nearly costless as sending a text message.

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