
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. Coinbase also plans…