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

ZkProver · 2026-02-28T00:23:55+00:00

MoonPay launches the PYUSDx framework, allowing developers to issue branded stablecoins backed by PayPal USD. This solution combines the M0 stablecoin protocol with MoonPay's issuance capabilities, simplifying the onboarding process and enabling customized issuance without the need to build a technical infrastructure. The market is paying attention to the product's compliance and scope of application.

ZkProver

2026-02-28 00:23:55

Abstract generation in progress

ChainCatcher News: MoonPay Launches 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, enabling separation of reserve management and token issuance to accelerate stablecoin deployment. 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 State trust license, allowing 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 focuses on whether it complies with the U.S. GENIUS Act regulatory framework and the future applicability of these tokens across different jurisdictions.

PYUSD-0.08%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.