Paypal, M0, Moonpay Launch Platform for Branded Stablecoin Products
Paypal, M0, and Moonpay have launched PYUSDx, a platform that enables companies to create their own stablecoin-based products in just days. According to M0, the developer platform for PYUSD is already live and has processed over $100 million in volume from projects like Saturn, Concrete, and Cap.
The new platform allows businesses to build app-specific stablecoins without having to manage reserves, liquidity, and blockchain infrastructure themselves. This could save companies time and resources while providing users with a seamless experience within the company's own app.
As of September 10th, 2026, the total market capitalization of stablecoins stands at $305.25 billion, with Tether's USDT dominating by 60.07%. Paypal's PYUSD is the eighth largest stablecoin by market cap, valued at around $2.814 billion.
May Zabaneh, Senior Vice President and General Manager of Crypto at Paypal, said that 'the stablecoin market is maturing fast' and that PYUSDx is designed to answer companies' needs for app-specific stablecoins.