Odaily Planet Daily reports that PayPal has officially launched the customized stablecoin developer platform PYUSDx. Built with the assistance of fiat-backed token experts M0 and crypto payment company MoonPay, the platform enables businesses to issue customized stablecoin infrastructure backed by PayPal USD (PYUSD). Saturn, Concrete, Cap, USD.AI, and Fairblock have already issued stablecoins on the platform, with Saturn, Concrete, and Cap’s tokens generating over $1 billion in processed volume.
PayPal Launches Custom Stablecoin Platform PYUSDx, Processes Over $100M in Volume
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Summary
PayPal has launched the custom stablecoin platform PYUSDx, built in collaboration with M0 and MoonPay. The platform enables businesses to issue stablecoins backed by PYUSD. Projects such as Saturn, Concrete, and Cap have already generated over $100 million in volume. This update appears in AI + crypto news and on-chain news.
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