PYUSD Coin News
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Stablecoin News: PYUSDx Launches to Power PayPal USD-Backed Stablecoins
MoonPay and M0 have launched PYUSDx, an infrastructure layer enabling developers to issue application-specific stablecoins backed by PayPal USD reserves. This move positions PayPal's stablecoin as a foundational reserve for programmable finance, potentially reducing issuance timelines from months to days. The development signifies a strategic shift for PayPal towards supporting third-party token ecosystems, moving beyond direct retail adoption. This infrastructure aims to simplify the creation of branded stablecoins, with USD.ai being the first announced user for AI infrastructure.
PayPal and MoonPay Let Anyone Launch Their Own Stablecoin – Here’s How
PayPal, MoonPay, and M0 have launched PYUSDx, a framework enabling developers to create custom stablecoins backed by PayPal USD (PYUSD). This initiative allows for branded tokens for specific applications, with USD.ai focused on AI infrastructure payments as an early use case. The structure aims to simplify stablecoin issuance on regulated rails, potentially shifting towards modular, application-layer stablecoins.
