PayPal Stablecoin Platform Lets Companies Launch Their Own Tokens

PayPal is giving companies a new way to enter the stablecoin business without building the machinery from scratch. Its PayPal stablecoin initiative is expanding with PYUSDx, a platform that lets businesses create custom stablecoins backed by PayPal USD, or PYUSD.The platform was developed with stablecoin infrastructure firm M0 and crypto payments company MoonPay. PayPal first previewed the idea in February, but PYUSDx is now moving from concept to live product.That launch arrives with three cryp