PayPal launches PYUSDx platform enabling businesses to create custom stablecoins
PayPal, in partnership with M0 and MoonPay, launched PYUSDx, a platform that allows businesses and developers to create their own branded stablecoins backed by PayPal's PYUSD. Three initial partners—Saturn, Concrete, and Cap—went live with the platform, collectively bringing over $100 million in processed volume.
