PANews February 27 News: According to Cointelegraph, payment giant PayPal has partnered with MoonPay and the stablecoin platform M0 to jointly launch PYUSDx, aimed at helping developers create USD-pegged stablecoins supported by PayPal USD (PYUSD) for specific applications, platforms, or ecosystems. The product is scheduled to go live next month.
PYUSDx is a tokenization and issuance framework provided by MoonPay Digital Assets, independent of the native PYUSD. Developers can use this framework to quickly launch branded, cross-chain supported stablecoins with transparent reserves, without building the monetary infrastructure from scratch. Currently, DeFi protocol USD.ai is the first developer to build an AI infrastructure-specific stablecoin on this platform. It is important to note that PYUSDx tokens are independent of PayPal USD and cannot be directly used, sent, or stored in PayPal or Venmo accounts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ondo Finance Issues Tokenized Securities in IBIT and GLXY
The essay discusses the recent entry of large companies and ETFs into the tokenized securities market, highlighting growth driven by regulatory support and increasing institutional demand, with Ondo Global Markets managing over 250 tokenized instruments valued at nearly $2.6 billion.
CryptoBreaking1h ago
Shibarium L3 'Currently Under Testing': When Is Mainnet Launch? - U.Today
Woofswap has begun testing a Layer-3 explorer for the Shiba Inu ecosystem under the ShibClaw initiative, aimed at enhancing transaction speed and reducing fees. The community expresses mixed reactions, with some eager for updates as block syncing progresses slowly.
UToday3h ago
Jupiter Lend Launches JLP/JupUSD and JUICED/USDT Vaults
Gate News Alert: On March 21, lending protocol Jupiter Lend launched JLP/JupUSD and JUICED/USDT vaults. The JLP/JupUSD vault offers a maximum annual percentage yield (APY) of 37.5%, while the JUICED/USDT vault offers a maximum APY of 12.3%.
GateNews6h ago
GMX Publicly Recruiting Chief Executive Officer, Application Deadline April 3rd
GMX announces recruitment of Chief Executive Officer to oversee strategic planning and organizational structure improvement, driving company expansion. Seeking experienced leaders with understanding of decentralized infrastructure, with application deadline of April 3, 2026.
GateNews8h ago
SBI VC Trade Launches Licensed USDC Lending Service in Japan, Stablecoin Moving Toward Yield-Generating Applications
Japan's financial group SBI Holdings subsidiary SBI VC Trade plans to launch USDC lending services starting March 19, 2026, becoming the first licensed operator with stablecoins as the underlying asset. This service offers an annualized interest rate of up to 10%, with expectations to stabilize at 5% in the future. The service expands stablecoin applications from a medium of exchange to financial instruments, demonstrating Japan's strategy of establishing legislation first before opening up the market, promoting legality and adoption in its stablecoin market.
区块客8h ago
