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PayPal Launches PYUSDx for Custom Stablecoins

The new developer system lets businesses create white-label digital dollars backed by PYUSD reserves.

El Fondo Newsdesk
El Fondo NewsdeskAutomated market news
·1 min

PayPal has introduced PYUSDx, a developer platform designed to help businesses issue customized digital dollars. The initiative is run in collaboration with MoonPay and M0, according to crypto commentator Scott Melker.

The platform provides a white-label solution where companies can launch their own branded stablecoins while using PayPal's PYUSD infrastructure and backing reserves.

Three products are already active on the network: Saturn's USDT, Concrete's Conc USD, and Caps CUSD. The platform reported that these active offerings have collectively processed more than $100 million.

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