CoinScoopPayPal Launches Platform for Stablecoin Issuance
PayPal, in collaboration with M0 and MoonPay, has launched PYUSDx, a platform that enables businesses to issue their own branded stablecoins backed by PayPal USD (PYUSD). MoonPay Digital Assets serves as the token issuer, allowing companies to deploy stablecoins without building infrastructure from scratch. Initial participants include Saturn, Concrete, and Cap.
Summaries are written by AI from the original article. Not investment advice.