Coinbase Institutional described the partnership as a key step toward building infrastructure for stablecoin-enabled commerce at scale

Quotes that support claims

Coinbase will boost PYUSD’s utility by supporting 1:1 PYUSD-USD conversions across its custody and trading platforms

With zero-fee USD conversions and seamless custody, we’re building the infrastructure for stablecoin-enabled commerce at scale

Users can now buy, sell and trade PYUSD on Coinbase without any platform fees and redeem PYUSD 1:1 for USD directly on the exchange, according to a Thursday release.