💵 PayPal Expands Stablecoin Infrastructure
PayPal has launched PYUSDx, a platform that allows businesses to issue custom stablecoins backed by PayPal USD (PYUSD).
🔹 Built with stablecoin infrastructure and payments partners
🔹 Initial issuers include crypto-native platforms
🔹 More than $100M in processed volume is already connected to the platform
🔹 Additional projects are also preparing to launch stablecoins through PYUSDx
🔹 The platform aims to simplify stablecoin issuance, distribution and integration
The move reflects growing competition among payment companies to build infrastructure for stablecoin-based financial services.
#dyor #NFA✅
PayPal has launched PYUSDx, a platform that allows businesses to issue custom stablecoins backed by PayPal USD (PYUSD).
🔹 Built with stablecoin infrastructure and payments partners
🔹 Initial issuers include crypto-native platforms
🔹 More than $100M in processed volume is already connected to the platform
🔹 Additional projects are also preparing to launch stablecoins through PYUSDx
🔹 The platform aims to simplify stablecoin issuance, distribution and integration
The move reflects growing competition among payment companies to build infrastructure for stablecoin-based financial services.
#dyor #NFA✅
