pyusdx

Payment company PayPal, stablecoin infrastructure project M0, and cryptocurrency payment platform MoonPay have launched PYUSDx, enabling businesses to create stablecoin-based products within days. The platform has processed transaction volumes exceeding 100 million dollars, with Saturn, Concrete, and Cap utilizing the related technology to launch products.Luca Prosperi, co-founder and CEO of M0, stated that PYUSDx allows developers to build on the product layer, enabling different businesses to develop various products based on the same technology. USD.AI and Fairblock are also listed as related projects. May Zabaneh, Senior Vice President and General Manager of PayPal's cryptocurrency business, mentioned that the stablecoin market is rapidly maturing. The total market capitalization of stablecoins is approximately 30.525 billion dollars, with USDT accounting for 60.07%; PYUSD has a market cap of about 2.814 billion dollars, ranking eighth. Businesses can issue brand digital dollars backed by PYUSD and set corresponding rules to redeem back to PYUSD when necessary.

According to CoinDesk, PayPal announced the expansion of its stablecoin business to the custom token issuance platform PYUSDx. This platform is built on PayPal USD (PYUSD) and was developed with the assistance of fiat-backed token expert M0 and cryptocurrency payment company MoonPay, providing infrastructure for any business to issue custom stablecoins backed by PYUSD. PYUSDx was first previewed in February this year and is now officially launched.The first batch of partners includes crypto-native companies Saturn, Concrete, and Cap, which together brought over $100 million in processed transaction volume to the platform. The PYUSDx token is issued by MoonPay Digital Assets Ltd., and the platform combines M0's universal stablecoin and digital token technology with MoonPay's issuance and distribution infrastructure. Additionally, USD.AI and Fairblock will also launch stablecoins on PYUSDx.M0 CEO Luca Prosperi stated that as more financial institutions participate, the industry is facing fragmentation issues, and most financial institutions do not understand how to interact with developers. Therefore, M0 facilitates the integration of various new projects in the middle layer by abstracting complexity and risk.

MoonPay has launched the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD).This solution combines the stablecoin infrastructure protocol of M0 with MoonPay's issuance and distribution capabilities, separating reserve management from token issuance, thereby accelerating the stablecoin launch process. Under this architecture, PYUSD, issued by Paxos Trust, serves as the underlying reserve asset, while branded stablecoins are issued by MoonPay Digital Assets. The latter has recently obtained a trust license in New York, enabling it to act as a stablecoin issuer. Developers can launch customized stablecoins without the need to build their own underlying technology and operational systems.At the time of the product launch, the market is also concerned about its compliance with the regulatory framework of the U.S. GENIUS Act and the applicability of related tokens in different jurisdictions in the future.

According to CoinTelegraph, M0, MoonPay, and PayPal will launch PYUSDx, a product designed to help developers issue custom stablecoins backed by PayPal USD.PYUSDx combines M0's universal stablecoin and digital token platform with the infrastructure of the MoonPay group, simplifying the issuance of dollar-backed stablecoins by reducing technical and operational burdens.