PayPal Launches PYUSDx Framework for Branded Stablecoin Issuance

PayPal has made a significant move in the world of digital payments with the launch of PYUSDx, a framework that enables developers to create branded dollar pegged tokens backed by PayPal's existing stablecoin.

The platform is designed to simplify the process of launching new stablecoins, reducing the time it takes from months to days. This is made possible through the combination of M0's token issuance technology with MoonPay's operational tools.

PYUSDx supports deployment across multiple blockchains and offers transparent reserve reporting, providing users with a high level of security and confidence in their transactions.