Crypto
PYUSDx Reaches $100M as M0 CEO Explains Business Stablecoin Model
Three products from Saturn, Concrete, and Cap have processed about $100 million through the PYUSDx platform after its public launch. PYUSDx allows businesses to issue programmable tokens backed one-to-one by PayPal USD.
Businesses can control token policies, allocate revenue generated by the backing, and use a shared swap facility that converts supported tokens at par without separate liquidity pools.
M0 CEO Luca Prosperi told crypto.news that PYUSDx gives businesses more control over token rules, revenue, and administration than they would get from integrating PayPal USD directly.