PayPal launches PYUSD-backed stablecoin issuance platform
PayPal and MoonPay have introduced a new platform that allows developers to create custom stablecoins backed by PayPal’s PYUSD. Summary PYUSDx lets developers issue app-specific stablecoins backed by PYUSD. The platform reduces launch time from months to days. USD.ai is the first project building on the framework. In a joint Feb. 27 press release, the
