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      PayPal Launches Custom Token Issuance Platform PYUSDx

      PayPal has officially launched its custom token issuance platform, PYUSDx, expanding its stablecoin operations. This platform is built on PayPal USD (PYUSD) and was developed in collaboration with M0, a fiat-backed token expert, and MoonPay, a cryptocurrency payment company. PYUSDx allows businesses to issue custom stablecoins that are backed by PYUSD, providing a new infrastructure for digital asset management.

      The platform was initially previewed in February 2026 and has already attracted a number of crypto-native partners, including Saturn, Concrete, and Cap, which collectively processed over $100 million in transaction volume. The issuance of the PYUSDx token is managed by MoonPay Digital Assets Ltd., leveraging M0's technology for universal stablecoins alongside MoonPay's distribution capabilities. Additionally, other companies such as USD.AI and Fairblock are set to launch their own stablecoins on the PYUSDx platform.

      M0's CEO, Luca Prosperi, highlighted the challenges faced by financial institutions in adapting to new technologies, noting that many lack the understanding necessary to engage with developers. M0 aims to bridge this gap by simplifying the integration of various projects, thereby addressing fragmentation issues within the industry.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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