PayPal collaborates with M0 and MoonPay to launch PYUSDx, with transaction volume exceeding $100 million

PayPal, together with M0 and MoonPay, has launched the PYUSDx platform, which supports businesses to create brand stablecoins within a few days. Currently, the transaction volume has exceeded $100 million. Saturn, Concrete, Cap, USD.AI, and Fairblock have utilized relevant technologies. M0 co-founder and CEO Luca Prosperi stated that PYUSDx will hand over the product layer to developers for construction. May Zabaneh, Senior Vice President and General Manager of PayPal's Cryptocurrency Business, stated that the stablecoin market is rapidly maturing. (Source: Bitcoin.com News)