PANews February 27 News: According to Cointelegraph, payment giant PayPal has partnered with MoonPay and the stablecoin platform M0 to jointly launch PYUSDx, aimed at helping developers create USD-pegged stablecoins supported by PayPal USD (PYUSD) for specific applications, platforms, or ecosystems. The product is scheduled to go live next month.
PYUSDx is a tokenization and issuance framework provided by MoonPay Digital Assets, independent of the native PYUSD. Developers can use this framework to quickly launch branded, cross-chain supported stablecoins with transparent reserves, without building the monetary infrastructure from scratch. Currently, DeFi protocol USD.ai is the first developer to build an AI infrastructure-specific stablecoin on this platform. It is important to note that PYUSDx tokens are independent of PayPal USD and cannot be directly used, sent, or stored in PayPal or Venmo accounts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Aave Shield security mechanism debuts: automatically blocks high-risk swap transactions, further enhancing DeFi security
The Aave team has introduced the Aave Shield security mechanism, aimed at protecting liquidity providers and traders by automatically preventing transactions where price fluctuations exceed 25%. This enhances market confidence. The mechanism responds swiftly, reinforcing security standards in DeFi and aiding in risk management and market stability.
GateNews41m ago
Polygon Faces Key Catalysts in March, Fee-Sharing Proposal and KAT Airdrop Could Boost POL Demand
Polygon has recently experienced a rebound of approximately 4%, driven by attention from a new fee allocation proposal. If passed, it would benefit 33,000 delegators and enhance network security. Meanwhile, DeFi project Katana will launch token distribution on March 18, promoting community participation. The market is anticipating changes in POL demand.
GateNews55m ago
XRP Holders Demand Token Burn! David Schwartz: Stellar Precedent Shows It's Ineffective
XRP's weekly trading volume declined from $22.9 billion to $16.6 billion, indicating a notable decrease in market participation. The community has criticized Ripple's stock buyback program, arguing that escrow tokens should be burned to increase XRP's value. Ripple's Chief Technology Officer David Schwartz mentioned that supply reduction does not necessarily lead to price increases, citing Stellar's token burn as evidence supporting this viewpoint. Although there have been recent regulatory developments, XRP's market demand has yet to show significant improvement.
MarketWhisper1h ago
Solana Accelerates Layout of Real-World Assets and AI Finance, Tokenized Stocks and Stablecoin Payments Advance in Parallel
The Solana ecosystem has recently released multiple updates, with a focus on expanding real-world financial assets, stablecoin settlement, and artificial intelligence applications. Tokenized stock markets are integrating with Solana DeFi, improving trading efficiency. International insurance companies are using stablecoins for cross-border transactions for the first time, demonstrating their advantages. Developers are exploring the combination of AI and blockchain to automate financial services. Solana has joined Mastercard's crypto partner program and released over 20 new projects, raising more than $80 million in funding, promoting the integration of blockchain and traditional finance.
GateNews1h ago
HSBC and Standard Chartered Expected to Obtain Hong Kong Stablecoin Licenses, Traditional Banks Accelerate Blockchain Deployment
Hong Kong's financial regulatory framework is progressing, with the Stablecoin Ordinance scheduled to take effect in August 2025, requiring issuing entities to meet stringent standards. Mature financial institutions such as Standard Chartered and HSBC are expected to be among the first to obtain approval, thereby promoting the development of the stablecoin ecosystem. Although concerns about centralization exist, this framework reflects Hong Kong's commitment to becoming a global hub for digital asset innovation, while also instilling confidence in crypto users and institutional investors.
GateNews1h ago
Pi Network launches Pi Launchpad beta, supporting ecosystem token issuance and real-world application deployment
Pi Network launched a new application feature called Pi Launchpad on its testnet on March 16, designed to help developers issue project tokens and integrate them with practical applications. The platform emphasizes "utility first," promoting healthy ecosystem development and allowing users to experience token issuance and DeFi functionality through the test environment. Launchpad employs a liquidity pool mechanism to provide baseline liquidity, with the overall update aimed at attracting more developers and driving application implementation.
GateNews1h ago
