PayPal launches PYUSDx stablecoin creation platform
PayPal announced the launch of a "stablecoin builder" together with MoonPay, introducing the PYUSDx platform to issue custom dollar-backed stablecoins based on PYUSD. This represents a significant step toward expanding digital currency capabilities and providing easier tools for creating them.
PYUSDx will serve as a technological base for creating and managing stablecoins supported by the stability of the US dollar. The collaboration with MoonPay integrates coin issuance tools within the PayPal ecosystem, offering users flexibility and accessibility.
These innovations from PayPal are expected to accelerate the adoption of digital currencies in everyday financial operations and open new opportunities for businesses and consumers alike.
