PayPal, infrastructure provider MoonPay, and fintech platform M0 announced the PYUSDx product. PYUSDx is a tokenization framework that operates independently from the original PYUSD, enabling developers to issue their own stablecoins based on PYUSD for specific ecosystems and applications. The platform’s release is scheduled for next month.
The tool combines M0 smart contracts and MoonPay infrastructure to reduce the technical burden on developers and avoid building payment architectures from scratch for each application. The creators highlighted several features of PYUSDx, including rapid token launches, cross-chain compatibility, transparent reserve management, and branding capabilities for stablecoins. USD.ai, a DeFi protocol, will be the platform’s first client and will issue a specialized stablecoin for artificial intelligence infrastructure.
Meanwhile, PayPal is expanding the real-world use of PYUSD. By the end of 2025, video hosting service YouTube will allow content creators in the US to receive payments in the stablecoin.
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