PayPal Launches Custom Stablecoin Issuance Platform PYUSDx, Processing Over $100 Million in Transactions

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Odaily News: PayPal has officially launched PYUSDx, a custom stablecoin developer platform. Built with the assistance of fiat-backed token expert M0 and crypto payments company MoonPay, the platform provides enterprises with infrastructure to issue custom stablecoins backed by PayPal USD (PYUSD). Saturn, Concrete, Cap, USD.AI, and Fairblock have already issued stablecoins on the platform, with tokens issued by Saturn, Concrete, and Cap generating over $100 million in processing volume for the platform.

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