PayPal and MoonPay have launched a new platform that allows developers to create customized stablecoins backed by PYUSD. The companies launched the system on Feb. 27 called PYUSDx. According to the companies, the system can support application-specific digital currencies.

According to the report, the PYUSDx platform was introduced using the M0 platform. The platform allows developers to create stablecoins using PayPal USD without creating complex infrastructures. 

The new platform uses the MoonPay onboarding solution and the M0 token solution. The announcement indicated that the new platform will help developers create new tokens quickly. 

Rising Stablecoin Demand Drives PYUSDx Adoption

The new platform indicated that the number of stablecoin transactions is increasing. Stablecoins with a supply of over $10 million increased by 89% during the 2025 period. This increase shows that the new platform will be beneficial. Developers want to create new stablecoins with ease.

MoonPay’s CEO, Ivan Soto-Wright, made comments regarding the launch. He noted that application layer developers need reliable tools to support stablecoins. He further noted that the PYUSDx helps reduce the barriers of operation. He also noted that it reduces the time taken to get to market.

The system is set up to ensure that base issuance is segregated. The Paxos Trust Company will continue with the issuance of the PYUSD. MoonPay Digital Assets Limited will be the ones to issue the PYUSDx. It is important to note that the PYUSDx is not the same as the PayPal stablecoin.

The announcement stated that the PYUSDx will not be supported by PayPal or Venmo. The platform allows for cross-chain compatibility. It features on-chain reserve reporting, flexible economic modeling, and rapid testing.

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USD.ai was named as the first developer to use the framework. The developer is working on a stablecoin that will support artificial intelligence infrastructure.

PYUSDx Advances PayPal’s Stablecoin Plan

The launch is part of PayPal’s expansion in the stablecoin space. PYUSD debuted in 2023. PayPal launched new features in 2025. These include earning 3.7% per year on balances held in PYUSD. Support for Stellar and Arbitrum was also launched, aiming for faster and cheaper transactions.

May Zabaneh, PayPal’s crypto head, said that developers seek stable foundations that are regulated for stablecoin projects. She said that the PYUSDx provides this structure. 

She emphasized that the structure allows developers to do so without the need to recreate the fundamental components of monetary systems.

M0 chief executive Luca Prosperi said the platform helps teams iterate faster. He said developers benefit from built-in liquidity and interoperability. 

The companies also noted regulatory rules for PYUSDx will vary by region. They said issuers are responsible for compliance in each jurisdiction.

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Filed under: Bitcoin - @ February 27, 2026 10:58 pm