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PayPal launches PYUSDx platform for custom stablecoin creation

#PayPal launched #PYUSDx , a platform that lets businesses and developers create their own custom stablecoins, each fully backed by PayPal’s existing PYUSD token. PYUSDx was developed with stablecoin infrastructure provider #M0 and crypto payments company #MoonPay , launching with #Saturn , #Concrete, and #Cap, which have collectively processed over $100M in volume. Other projects, including #USDAI and #Fairblock, are also joining the platform.

👉 coindesk.com/business/2026/09/09/paypal-expands-stablecoin-rails-with-launch-of-custom-token-issuance-platform

PayPal expands token issuance platform on demand for stablecoins

• PayPal launches the PYUSDx stablecoin development platform, enabling token issuance on demand.
• PYUSDx is backed by PayPal USD (PYUSD) and the partnership of M0 along with MoonPay.
• This move expands PayPal’s stablecoin infrastructure, enabling new USD-backed supported tokens.
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Source: CoinDesk

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