PayPal to support custom stablecoin issuance for PYUSD apps

PayPal has launched PYUSDx, a new platform to help developers issue their own stablecoins for applications based on PayPal USD (PYUSD), Cointelegraph reported. The platform combines M0's universal stablecoin with the MoonPay platform, aiming to expand access to proprietary stablecoins. It offers features such as app-specific stablecoin issuance, cross-chain capabilities, and branded token options.