Huoxun Finance News, February 27th - According to Cointelegraph, payment giant PayPal, in partnership with MoonPay and stablecoin platform M0, has launched PYUSDx, designed to help developers create USD-pegged stablecoins backed by PayPalUSD (PYUSD) for use within specific applications, platforms, or ecosystems. The product is scheduled to officially launch next month. PYUSDx is a tokenization and issuance framework provided by MoonPay Digital Assets, independent of the native PYUSD. Developers can use this framework to quickly launch branded, cross-chain supported, and reserve-transparent stablecoins without building monetary infrastructure from scratch. Currently, DeFi protocol USD.ai has become the first developer to build a dedicated stablecoin for AI infrastructure on this platform. It is important to note that the PYUSDx token is independent of PayPalUSD and cannot be directly used, sent, or stored in PayPal or Venmo accounts.
PayPal, MoonPay, and M0 jointly launched PYUSDx, enabling applications to create their own stablecoins.
2026-02-27 15:01:02
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