PayPal has partnered with M0 and MoonPay to launch PYUSDx—a platform that lets businesses create their own branded stablecoins backed by PayPal USD (PYUSD). This solution is built for companies looking to issue a 'stablecoin' under their own brand, without the hassle of building all the tech from scratch.

How PYUSDx Works

On the PYUSDx platform, MoonPay Digital Assets acts as the token issuer. PYUSD serves as the collateral for these new coins, so companies can mint their own branded tokens with full backing.

First Projects to Join the Ecosystem

Three companies have already jumped on board with PYUSDx: Saturn, Concrete, and Cap.

Why Businesses Want This

PYUSDx makes it way easier and faster for companies to launch their own stablecoin, since they don’t have to build the whole infrastructure themselves. It’s a shortcut to rolling out a branded coin.