PayPal launches PYUSDx, a custom stablecoin platform

PayPal has launched PYUSDx, a developer platform for custom stablecoins, as it expands its blockchain-based stablecoin business. According to CoinDesk, the platform was built with support from fiat-backed token specialist M0 and crypto payments firm MoonPay, and provides infrastructure for issuing custom stablecoins based on PYUSD.