
PayPal Lets Other Companies Launch Their Own Stablecoins, Backed by PYUSD
The new PYUSDx platform, built with M0 and MoonPay, lets businesses configure and issue custom, branded tokens collateralized by PayPal USD — with MoonPay as legal issuer and Paxos still issuing the underlying PYUSD. Three launch partners have already processed more than $100 million combined.
By Dana Okonkwo · Sept. 19, 2026


