Catenaa, Sunday, March 08, 2026- MoonPay and M0 unveiled PYUSDx, a framework allowing developers to issue application-specific stablecoins backed by PayPal USD.
The framework enables fast deployment of branded stablecoins without building a full issuance, custody, or liquidity infrastructure.
PYUSDx operates separately from PYUSD, which is issued by federally regulated Paxos Trust Company. Tokens created through the framework will not be supported for storage or transactions within PayPal or Venmo accounts. MoonPay Digital Assets Limited manages the PYUSDx issuance system.
The launch follows MoonPay’s recent introduction of “MoonPay Agents,” a non-custodial layer enabling AI systems to autonomously create wallets and transact. The PYUSDx framework positions MoonPay as an intermediary between regulated stablecoin issuers and developers building AI-driven financial applications and embedded payment solutions.
Industry analysts note that the framework allows PayPal USD to expand its utility without direct integration into third-party consumer apps, addressing competition from larger stablecoins such as USDC and USDT.
Developers can now create app-specific stablecoins “in days, not months,” accelerating the rollout of programmable dollar solutions.
