Coinbase waives fees on PayPal’s stablecoin in crypto payments push
(Reuters) -Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down on crypto payments. The move is part of a joint effort by Coinbase and PayPal to increase the adoption of PayPal's stablecoin, called PYUSD, which it launched in 2023.