PayPal and Coinbase Expand PYUSD Partnership to Drive Stablecoin Adoption

  • PayPal and Coinbase are deepening their collaboration to boost adoption of PayPal USD (PYUSD), a U.S. dollar-backed stablecoin launched by PayPal. In a recent announcement, Coinbase confirmed it will enhance support for PYUSD by enabling 1:1 conversions with USD across its trading and custody platforms.