PayPal Launches Custom Stablecoin Issuance Platform PYUSDx, Surpassing $100 Million in Transaction Volume

Odaily Planet Daily News: PayPal has officially launched the custom stablecoin developer platform PYUSDx. Built with the assistance of fiat-pegged token expert M0 and crypto payment company MoonPay, the platform provides enterprises with infrastructure to issue customized 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 collectively driving over $100 million in transaction volume processed on the platform.