‍PayPal Launches PYUSDx for Custom Stablecoin Issuance

PayPal, in partnership with MoonPay and stablecoin platform M0, is set to launch PYUSDx in March 2026. This new framework will enable developers to create their own US dollar-pegged tokens, leveraging the existing PayPal USD (PYUSD) infrastructure.

PYUSDx combines M0's platform with MoonPay's distribution tools to simplify the creation of application-specific stablecoins. These tokens will be backed by PYUSD reserves but operate as distinct assets, offering fast deployment, cross-chain compatibility, and flexible economics.

The initiative aims to lower entry barriers for developers, a crucial step for the next phase of stablecoin adoption at the application layer. The first project utilizing PYUSDx will be USD.ai, issuing a stablecoin for AI infrastructure. It is important to note that PYUSDx tokens are separate from PayPal USD and cannot be used directly in PayPal or Venmo accounts, being intended for specific dApps.

https://cryptovka.com/news/paypal-moonpay-and-m0-launch-pyusdx-for-custom-stablecoin-issuance