PayPal is widening its stablecoin infrastructure with the PYUSDx developer platform, according to CoinDesk. The platform is backed by PayPal USD, or PYUSD, and was built with help from M0 and MoonPay. It is designed as a custom token issuance platform, adding a new layer to PayPal’s stablecoin-related product stack. The report identifies the project as part of PayPal’s push to expand the rails around PYUSD rather than a standalone token launch. CoinDesk’s summary did not disclose additional product details, launch metrics, or user availability.
PayPal is expanding its stablecoin infrastructure with the PYUSDx developer platform, according to CoinDesk. The platform is backed by PayPal USD (PYUSD) and was built with help from M0 and MoonPay.
CoinDesk described PYUSDx as a custom token issuance platform.
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