PayPal and Coinbase described PYUSD as a key stablecoin they plan to integrate into payment, DeFi, and cross-border settlement infrastructure

Quotes that support claims

The initiative marks a deeper integration between two of the largest names in payments and crypto, as they collaborate to build infrastructure for stablecoin-driven commerce

As part of the agreement, PayPal and Coinbase will collaborate on cross-border payment solutions and financial tools designed to help consumers and businesses manage money more quickly and cost-effectively