MoonPay launches the PYUSDx framework, supporting the issuance of brand-stablecoins based on PayPal PYUSD

SmartContractAuditor · 2026-02-28T00:19:58+00:00

MoonPay Launches PYUSDx Framework, Allowing Developers to Issue Branded Stablecoins Backed by PayPal USD, Combining M0 Protocol with MoonPay's Issuance Capabilities to Accelerate Deployment. PYUSD is issued by Paxos Trust, with MoonPay serving as the stablecoin issuer. Recently, it obtained a New York State trust license, supporting the launch of customized stablecoins. At the same time, the product's compliance and scope of application have attracted significant market attention.

SmartContractAuditor

2026-02-28 00:19:58

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Odaily Planet Daily reports that MoonPay has launched the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD). This solution combines M0’s stablecoin infrastructure protocol with MoonPay’s issuance and distribution capabilities, separating reserve management from token issuance to accelerate the stablecoin launch process.

Under this architecture, PYUSD issued by Paxos Trust serves as the underlying reserve asset, while the branded stablecoin is issued by MoonPay Digital Assets. The latter has recently obtained a New York trust license, enabling it to act as the issuer of stablecoins. Developers can launch customized stablecoins without building their own underlying technology and operational systems.

At the product launch, market attention also focused on whether it complies with the regulatory framework of the U.S. GENUIS Act and the future applicability of these tokens in different jurisdictions.

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