CoinScoopPayPal, M0, and MoonPay launch PYUSDx stablecoin infrastructure
PayPal, M0, and MoonPay launched 'PYUSDx' on the 9th, an infrastructure allowing companies to issue their own branded stablecoins backed by PYUSD. While this provides issuers with greater flexibility, the regulatory status of these assets under US law remains a subject for future discussion.
Summaries are written by AI from the original article. Not investment advice.