PayPal Launches Custom Token Issuance Platform for Stablecoin Rails
Source Summary
PayPal has introduced the PYUSDx stablecoin developer platform, which enables custom token issuance backed by PayPal USD (PYUSD). The platform was developed in collaboration with M0 and MoonPay.
Why it matters
The platform expands PayPal's stablecoin infrastructure by enabling developers to create custom tokens, broadening the utility and adoption potential of PYUSD.
