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On May 1, 2025, Coinbase, the largest publicly traded cryptocurrency exchange, announced it’s waiving fees on transactions involving PayPal’s stablecoin and allowing users to redeem it directly for U.S. dollars. This move is a significant step for PayPal’s push into crypto payments, enabling seamless transactions for users. The decision reflects growing mainstream adoption of stablecoins, with traders leveraging this for low-cost, stable-value transfers amid Bitcoin’s climb to $91,713.49 that week.

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