PayPal, with M0 and MoonPay, launched PYUSDx, letting enterprises issue their own stablecoins backed by PYUSD. Early partners include Saturn, Concrete, and Cap, which have already processed over $100M in trading volume.
• USD.AI and Fairblock are also set to launch tokens on the platform.
Matters because: PYUSDx expands PYUSD from a single stablecoin into infrastructure for a broader stablecoin ecosystem, which could accelerate settlement volume.