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

Odaily News PayPal has officially launched PYUSDx, a custom stablecoin developer platform. Built with the assistance of fiat-pegged token experts M0 and crypto payment 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 having generated over $100 million in processed volume for the platform.