MoonPay and M0 on Friday introduced PYUSDx, a framework that allows developers to issue application-specific stablecoins backed by PayPal USD (PYUSD), as competition grows in the programmable dollar infrastructure sector.
The offering is designed to let builders launch branded stablecoins “in days, not months,” using PYUSD as the underlying reserve asset instead of assembling their own issuance, custody, and liquidity stack.
PYUSD is issued by Paxos Trust Company, a federally regulated national banking association that manages reserves for PayPal’s dollar-backed stablecoin. PYUSDx, however, is operated by MoonPay Digital Assets Limited and functions as a separate tokenization and issuance framework.
Tokens created through PYUSDx are distinct from PYUSD itself and will not be supported for storage or transactions within PayPal or Venmo accounts, according to the companies.
The announcement follows MoonPay’s recent moves into AI-linked crypto infrastructure. Earlier this week, the company launched “MoonPay Agents,” a non-custodial layer designed to allow AI systems to create wallets and transact autonomously.
The overlap suggests that MoonPay is positioning itself to be a middle layer between regulated stablecoin issuers and application builders experimenting with AI-driven finance and embedded payments.
For PayPal (PYPL), whose PYUSD has trailed larger rivals like USDC and USDT in overall circulation, the framework offers a way to extend the reach of its dollar-backed token without directly integrating third-party stablecoins into its consumer apps.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
