⚡ INSIGHT: Crypto payments remain one of Web3’s biggest bottlenecks, fragmented, complex, and hard to integrate at scale.@OMYPayments joins the Cointelegraph Accelerator to tackle this head-on with DeFi-native infrastructure: crosschain access, real-time stablecoin conversion, and compliance tools for businesses and AI agents alike.[Cointelegraph Accelerator] ...

So, joining us now from the White House is Coinbase CEO Brian Armstrong along with our own Emily Wilkins. Emily, take it away. Thank you so much, Morgan. Brian, thank you so much for being here.You got that shout out, of course, from the president. Talk to me a little bit about what this stable coin bill becoming law is going to mean for Coinbase. Yeah, well, this stable coin bill passing is really a financial revolution for America.It means that crypto can finally start updating the financial system, espec ...

🇧🇹 BULLISH: Crypto payments gain traction in Bhutan as nearly 1,000 merchants adopt digital assets via Binance Pay. https://t.co/DCkcmpwYI0 ...

Core Insights - Coinbase is eliminating fees for purchasing PayPal's stablecoin, PayPal USD (PYUSD), to enhance its adoption and increase on-chain payment opportunities for users [1][2] - PYUSD has a market capitalization of approximately $730 million, representing less than 1% of the dollar-pegged stablecoin market, which is dominated by Tether's USDT and Circle's USDC with market shares of 66.5% and 28.3% respectively [2] - PayPal and Coinbase are collaborating on stablecoin-based solutions for global money management and commerce, aiming to drive further utility and adoption of digital currencies [3][4] Industry Context - The competition for payment stablecoins is intensifying, particularly with the anticipation of new crypto legislation focused on stablecoins in the third quarter [5] - Stablecoins are increasingly appealing to institutions for transferring value globally in a cost-effective manner outside traditional financial systems [5] - Circle has launched a payments and remittance network targeting financial institutions, posing a challenge to PayPal's business [6] Company Strategies - Coinbase aims to build a global economy based on cryptocurrency, diversifying its revenue streams beyond crypto trading, and has a revenue-sharing agreement with Circle for USDC [8] - The company is focused on integrating crypto payments across its product suite and establishing its Base network as a leading platform for Ethereum-compatible applications [9] - Coinbase is enhancing its platform by allowing users to redeem PYUSD for dollars directly, improving accessibility compared to previous redemption methods [10] Adoption Initiatives - PayPal has introduced a 3.7% annual rewards rate on PYUSD balances to incentivize adoption of the stablecoin [11]