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PayPal PYUSDx stablecoin platform launch stories

Sep 9, 2026

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.

Sep 9, 2026·8 sources
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Top claims

  • ▪Custom stablecoins minted through PYUSDx are backed 1:1 by PYUSD, turning PayPal's stablecoin into a reserve asset for external financial applications.
  • ▪The total stablecoin market capitalization was valued at approximately $305.25 billion on September 10, 2026, with Tether's USDT holding a dominant 60.07% share.
  • ▪USD.AI and Fairblock are expected to integrate and launch their own custom stablecoins on the PYUSDx platform in the future.

Subtopics

Crypto payments regulationStablecoinsBlockchain technology

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