Coinbase Introduces Free Conversion for PayPal's PYUSD as Stablecoin Competition Intensifies

Crypto exchange Coinbase (COIN) said it will introduce free conversions between PayPal’s dollar-pegged stablecoin, PYUSD, and the U.S. currency in a move aimed at accelerating the shift toward on-chain payments.The move, open to both retail and institutional customers, is part of a partnership aimed at promoting PYUSD as a payment currency source: https://www.coindesk.com/business/2025/04/24/coinbase-introduces-free-conversion-for-paypals-pyusd-as-stablecoin-competition-intensifies