BlockBeats report, February 28: MoonPay has unveiled PYUSDx, a stablecoin issuance framework backed by PayPal's PYUSD, enabling developers to issue stablecoins pegged to PayPal USD (PYUSD) as the reserve asset. The product combines M0’s stablecoin infrastructure protocol with MoonPay’s issuance and distribution capabilities.
MoonPay Launches PYUSDx Framework Backed by PayPal's Stablecoin
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Summary
On February 28, 2026, MoonPay announced a protocol update launching PYUSDx, a stablecoin issuance framework backed by PayPal’s PYUSD. The product integrates M0’s stablecoin infrastructure with MoonPay’s issuance and distribution tools, enabling developers to issue stablecoins backed by PayPal USD. This on-chain development underscores a new level of integration between payment platforms and crypto infrastructure.
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