PayPal has teamed up with stablecoin infrastructure project M0 and crypto payments platform MoonPay to roll out PYUSDx, a platform aimed at helping businesses build stablecoin-based products in a matter of days. According to the report, the platform has already processed more than $100 million in transaction volume. Saturn, Concrete and Cap have launched products using the related technology, while USD.AI and Fairblock were also listed as associated projects. M0 co-founder and CEO Luca Prosperi said PYUSDx leaves the product layer to developers, allowing different companies to build distinct offerings on the same underlying technology. PayPal Senior Vice President and General Manager of Blockchain, Crypto and Digital Currencies May Zabaneh said the stablecoin market is maturing quickly. As of Sept. 10, the total stablecoin market capitalization stood at about $305.25 billion, with USDT accounting for 60.07%, while PYUSD had a market cap of about $2.814 billion and ranked eighth.

PayPal has launched PYUSDx with stablecoin infrastructure project M0 and crypto payments platform MoonPay, introducing a platform aimed at helping businesses build stablecoin-based products within days. According to the announcement cited by ChainCatcher, the platform has already processed more than $100 million in transaction volume. Saturn, Concrete and Cap have used the related technology to launch products, while USD.AI and Fairblock were also named as related projects. M0 co-founder and CEO Luca Prosperi said PYUSDx leaves the product layer to developers, allowing different companies to build different offerings on the same underlying technology. PayPal Senior Vice President and General Manager of Blockchain, Crypto and Digital Currencies May Zabaneh said the stablecoin market is maturing quickly. The report also cited market data showing the total stablecoin market capitalization at about $305.25 billion, with USDT accounting for 60.07%. PYUSD’s market capitalization was listed at about $2.814 billion, ranking eighth.

Crypto markets saw an unusually dense flow of developments between Sept. 9 and Sept. 10, with LAPTOP drawing the most attention after its launch, airdrop claims, market-maker allocations, liquidity incentives and extreme price moves all unfolded in quick succession. Security concerns emerged at the same time, including phishing warnings tied to LAPTOP and a separate email phishing alert from hardware wallet maker Trezor. Beyond LAPTOP, on-chain activity showed large ZEC buying through three wallets, a profitable six-month run in VVV and LIT by whale address 0x7378, and fresh positioning by trader Based16z. Binance listed Niulai and expanded related services, while Binance Alpha added 4Stock and A Meme Coin. Institutional and infrastructure news also arrived in size. Aave launched an official MCP server for AI agents, Consensys spun out MetaMask into an independent entity, U.S. Bank tested cross-border payments using USBDC on Stellar, PayPal formally rolled out its PYUSDx platform, and Tether teamed up with Fasanara Capital on a $400 million private credit fund. Regulators and policymakers were active as well, with U.S. enforcement action against Xinbi Guarantee, fresh pressure in Washington around the CLARITY Act, and an EU move to extend local contact-point rules to crypto service providers.

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’s second-quarter results showed a business that beat expectations on headline numbers while revealing a more complicated picture around its stablecoin push. The company reported $8.68 billion in revenue, total payment volume of $486.4 billion, and raised its full-year adjusted EPS outlook to about $5.38. At the same time, management elevated PYUSD’s role inside the company, folded it into a new “Payment Services & Crypto” segment, and described the token as a key enabler for PayPal World and a “commerce-first” stablecoin aimed at consumers and merchants. That strategic messaging is running into weaker on-chain momentum. PYUSD supply climbed to roughly $4.2 billion in March after expansion to 70 markets and deployment across nine blockchains, but fell about 31% by the end of the second quarter to around $2.7 billion. As of early August, circulating supply stood at about 2.7 billion PYUSD, with a market cap near $2.72 billion and a stablecoin ranking around No. 32 on CoinGecko. A second pressure point comes from Open USD, a consortium-style project announced on June 30 and expected to launch in the second half of 2026. Operated by Open Standard and backed by more than 140 partners including Visa, Mastercard, Stripe, Shopify, BlackRock, BNY, Standard Chartered, Google, IBM, Coinbase, Solana and Aave, the project uses a different economic model from PYUSD. PayPal is one of its partners, meaning the company is supporting its own branded stablecoin while also reserving a place in a broader industry network.

MoonPay and M0 have launched PYUSDx with PayPal support, giving developers a way to issue branded stablecoins backed by PYUSD in days. USD.ai is the first adopter.

Crypto market down 2.2% to $2.35T. BTC at $65,799, ETH falls 4.46%. Fear & Greed Index at 11. Tether freezes $4.2B USDT. Chiliz, Virtuals Protocol, Pi buck trend. Detailed 24-hour breakdown.

PayPal teams with MoonPay and M0 to launch PYUSDx, simplifying branded stablecoin creation. Pepeto raises $7.39M in presale with three live products and 210% staking. Pepe coin down 80% from ATH; Dogecoin stalls at $0.10.