**Coinbase Offers Free PYUSD Conversions as Stablecoin Competition Grows**

Coinbase now allows **free conversions** between PayPal’s **PYUSD** stablecoin and USD, boosting adoption for retail and institutional users. The move aims to push PYUSD as a payment solution, with Coinbase expanding support for PayPal’s merchant network.

Stablecoins—a **$220B market** projected to hit **$2T by 2028**—are gaining traction as faster, cheaper payment alternatives. With U.S. regulation advancing, rivals like **Tether (USDT) and Circle (USDC)** are also expanding, while PayPal offers **3.7% yield on PYUSD** to attract users.

**The stablecoin race is heating up—will PYUSD rise to challenge USDT and USDC?**