Crypto
PayPal Launches Infrastructure Platform for Custom Stablecoins Backed by PYUSD
PayPal has launched PYUSDx, an infrastructure platform that allows businesses and developers to create custom stablecoins fully backed by PYUSD.
The platform enables users to customize token branding, rewards, compliance mechanisms, reserve composition, and blockchain transfers. Three projects were fully operational at launch, with combined transaction volume exceeding $100 million.
PayPal's PYUSDx is a strategic move into programmable digital dollar infrastructure, positioning the company within the infrastructure layer of the stablecoin ecosystem.