StockNews.AI
COIN
CNBC
117 days

Coinbase ends PayPal stablecoin fee as payment race heats up

1. Coinbase removes fees for PayPal's stablecoin purchases to boost adoption. 2. PYUSD has under 1% market share among dollar-pegged stablecoins. 3. PayPal aims to collaborate on global stablecoin payment solutions. 4. Coinbase targets USDC as the number one stablecoin amidst increasing competition. 5. PYUSD users can now redeem directly on the Coinbase platform.

6m saved
Insight
Article

FAQ

Why Bullish?

The fee removal and strategic partnerships enhance Coinbase's market attractiveness.

How important is it?

The partnership with PayPal can significantly enhance Coinbase's stablecoin offerings, boosting its revenue potential.

Why Short Term?

Immediate adoption of PYUSD may lead to increased trading volume and interest.

Related Companies

Related News