MoonPay and M0 have officially launched PYUSDx, a platform designed to simplify the creation and management of application-specific stablecoins.
PYUSDx leverages PYUSD, the stablecoin developed by PayPal and issued by Paxos Trust Company. The token recently surpassed $4 billion in market capitalization.
PYUSDx promises several key features, including branded stablecoins backed by PYUSD, fast time-to-market, cross-chain compatibility, and transparent reserve reporting. The platform combines M0's universal stablecoin capabilities with MoonPay's distribution infrastructure.
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