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Coinbase Drops Fees for PayPal’s PYUSD Conversions—Stablecoin Wars Heat Up
Coinbase Drops Fees for PayPal’s PYUSD Conversions—Stablecoin Wars Heat Up
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Coinbase just fired the latest salvo in the stablecoin arms race: zero-fee conversions for PayPal’s PYUSD. No more nickel-and-diming traders shuffling between dollar-pegged tokens—though let’s be real, the ’stable’ in stablecoin still feels like a speculative bet most days.
The move pressures rivals like Tether and Circle as exchanges weaponize liquidity. When platforms compete, traders win—assuming the whole house of cards doesn’t collapse first. Remember, these are the same geniuses who brought you ’algorithmic stability.’
One thing’s certain: the race to dominate the $130B stablecoin market just got messier. Place your bets—responsibly, or at least with a healthy dose of skepticism.
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