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
USDsui launches mainnet on Sui
The stablecoin USDsui, launched by Sui and developed by Stripe's Bridge, aims to provide a unified digital dollar for scalable finance and global payments. Compliant with the GENIUS Act, it enhances tools for developers and users in building the next generation of internet-based financial services.
TapChiBitcoin4m ago
Benchmark: STRC from Strategy could become a profitable stablecoin platform
Benchmark recognizes STRC shares as a foundational element for a new generation of stablecoins and yield-bearing tokens within the Bitcoin ecosystem. Initially issued to fund additional Bitcoin purchases, STRC has a perpetual structure with monthly dividends. Recent developments indicate an expanded role for STRC in financing stablecoin protocols.
TapChiBitcoin20m ago
Zerohash applies for a license from the U.S. National Trust Bank
Cryptocurrency infrastructure company Zerohash has applied to the U.S. Office of the Comptroller of the Currency for a National Trust Bank charter to enhance digital asset services, including custody, verification, and trade execution. Although it cannot conduct traditional banking operations, obtaining the license will help it attract institutional clients within the federal regulatory framework.
GateNews1h ago
Paraguay Taps Seized Bitcoin Miners to Monetize Power
Paraguay plans to utilize seized Bitcoin miners and excess hydropower from the Itaipu Dam for state revenue through a partnership with Morphware. The initiative aims to monetize unused energy while addressing cybersecurity risks associated with managing mined Bitcoin.
CryptoFrontNews3h ago
Who Is Tom Lee? The Ethereum Saylor Behind Bitmine
Tom Lee has led Bitmine in accumulating over 4.4 million ETH, making it the second-largest crypto treasury. Despite substantial unrealized losses, Bitmine's strategy includes staking and diversifying into other investments.
CryptoFrontNews6h ago
Eric Trump Celebrates: The family mining company American Bitcoin's holdings surpass 6,500 Bitcoins! Ranks 17th in the world for most crypto holdings
Donald Trump's second son, Eric Trump, announced that his family's Bitcoin mining company, American Bitcoin, has surpassed 6,500 BTC holdings, making it the 17th largest publicly traded Bitcoin company in the world. In the past 21 days, the company has added over 500 BTC, demonstrating the Trump family's expansion commitment in the cryptocurrency space. The company plans to purchase new mining machines to enhance mining capacity.
動區BlockTempo7h ago
