Paypal-Coinbase合作夥伴關係通過零股票交易，保證贖回和主流分銷渠道為穩定性帶來了企業的信譽。

該合作夥伴關係代表了兩家公開交易的金融機構將Stablecoins作為金融基礎設施的重大驗證。

PayPal and Coinbase have partnered to bring enterprise credibility to stablecoins through several initiatives, rendering seamless asset transfer, guaranteed token redemption, and mainstream distribution channels for PYUSD.

PayPal和Coinbase已合作通過多項計劃，渲染無縫資產轉移，保證的代幣贖回以及Pyusd的主流分銷渠道來為Stablecoins帶來企業信譽。

This partnership, announced on Wednesday, brings together two publicly-traded financial institutions to create a partnership focused on integrating stablecoins as financial infrastructure, departing from the cryptocurrency partnerships usually focused on new token launches.

這一合作夥伴關係在周三宣布，匯集了兩家公開交易的金融機構，以建立致力於將Stablecoins整合為金融基礎設施的合作夥伴關係，而偏離了加密貨幣合作夥伴關係，通常集中在新的標記發布會上。

Both companies are placing strategic importance on broader stablecoin adoption rather than immediate transaction revenue, which is evident in the zero-fee transaction model for PYUSD on Coinbase platforms. This partnership will see PYUSD transactions on Coinbase incur no fees, diverging from the traditional exchange revenue models.

兩家公司都將戰略性的重要性置於更廣泛的穩定性採用而不是立即交易收入上，這在Coinbase平台上的Pyusd的零收費交易模型中很明顯。這種合作夥伴關係將使Coinbase的PYUSD交易與傳統的交換收入模型不同。

“We are not charging any fees for PYUSD on Coinbase, which is a statement of the partnership and the strategic importance we both place on broader stablecoin adoption,” a spokesperson for Coinbase told Metaverso.

Coinbase的發言人告訴Metaverso：“我們沒有在Coinbase上向Pyusd收取任何費用，這是對合作夥伴關係的聲明和我們倆在更廣泛的穩定階層採用上的戰略重要性。”

PayPal, the third-largest U.S. payment processor, announced its own stablecoin, PYUSD, in July, quickly gaining attention for its tie-in with the mainstream financial service provider.

貝寶（Paypal）是美國第三大支付處理器，於7月宣布了自己的穩定幣Pyusd，迅速引起了與主流金融服務提供商的合作的關注。

Earlier this year, rumors of a partnership between PayPal and Coinbase sparked online, with both companies actively seeking avenues for collaboration.

今年早些時候，關於PayPal和Coinbase之間夥伴關係的謠言在線引發，兩家公司都積極尋求合作途徑。

“We’ve been working closely with the Stellar team since 2019 to build the technology for efficient cross-chain asset transfer, and we’re excited to launch PYUSD on Center Chain with no transfer fees on Coinbase,” a spokesperson for PayPal said.

PayPal的發言人說：“自2019年以來，我們一直與Stellar團隊緊密合作，以建立高效的跨鏈資產轉移技術，我們很高興能在Coinbase上沒有轉移費用的中心鏈上啟動Pyusd。”

Coinbase will also be offering 1:1 guaranteed redemption capability for PYUSD back to USDC, a move that addresses a crucial trust component that has reportedly hindered wider stablecoin adoption, especially among more conservative users and institutions.

Coinbase還將為Pyusd提供1：1的保證贖回能力，回到USDC，該舉措解決了一個關鍵的信任組件，據報導，該組件阻礙了更廣泛的STABLECOIN採用，尤其是在更保守的用戶和機構中。

“We are focused on making PYUSD broadly accessible, and we’ll be offering 1:1 guaranteed redemption capability for PYUSD back to USDC on Coinbase. We’ll continue exploring other DeFi applications for PYUSD with a shared focus on fostering greater financial inclusion,” a spokesperson for PayPal said.

“我們專注於使Pyusd廣泛訪問，我們將在Coinbase上提供1：1保證Pyusd回到USDC的贖回能力。我們將繼續探索Pyusd的其他Defi申請，共同關注促進更大的財務包容性，” PayPal的發言人說。

To streamline this process, PayPal will be leveraging Coinbase’s established crypto infrastructure instead of building redundant systems.

為了簡化此過程，PayPal將利用Coinbase已建立的加密基礎架構而不是構建冗餘系統。

“We’re starting with PYUSD on Coinbase, and we’ll continue exploring other DeFi applications with a shared focus on fostering greater financial inclusion. Together, we hope to bring the benefits of blockchain technology to a broader audience,” a spokesperson for PayPal said.

PayPal的發言人說：“我們從Coinbase上的Pyusd開始，我們將繼續探索其他Defi應用程序，共同關注促進更大的財務包容性。我們希望將區塊鏈技術的好處帶給更廣泛的受眾。”

PayPal’s openness to exploring DeFi applications with PYUSD marks a meaningful shift from traditional payment providers' historically closed ecosystems. This suggests growing institutional comfort with more permissionless financial protocols despite their regulatory complexity.

PayPal對使用Pyusd探索Defi應用程序的開放性標誌著與傳統付款提供商歷史上封閉的生態系統的有意義的轉變。這表明，儘管其法規複雜性，但具有更無許可的財務方案的機構舒適度越來越大。

With PayPal's 430 million consumer and merchant accounts mentioned by Coinbase CEO Brian Armstrong, this partnership creates one of the largest potential onramps for stablecoin adoption globally. The collaboration bridges the traditional payment infrastructure that PayPal has built over decades with the crypto-native infrastructure Coinbase has established since 2012.

Coinbase首席執行官Brian Armstrong提到的PayPal的4.3億消費者和商戶帳戶，該合作夥伴關係在全球範圍內為穩定的企業採用而創造了最大的潛在潛在Onramps之一。該協作橋樑橋樑貝寶（PayPal）數十年來與加密本地基礎設施Coinbase建立的傳統支付基礎設施自2012年以來已經建立了。

Both companies are interested in exploring the potential of tokenized derivatives and other DeFi use cases with PYUSD in the future. Their shared focus on commerce applications indicates both companies recognize payments remain the most practical and immediate use case for stablecoins, potentially accelerating merchant adoption by leveraging PayPal's existing relationships while utilizing Coinbase's crypto settlement infrastructure.

兩家公司都有興趣探索將來的衍生產品和其他與Pyusd的Defi用例的潛力。他們對商業應用程序的共同關注表明，兩家公司都認識到，付款仍然是穩定幣的最實際和直接的用例，通過利用PayPal的現有關係，在利用Coinbase的加密貨幣定居點基礎架構的同時，可能會加速商戶採用。