$4 billion in market capitalization<\/a>. <\/p>\nPYUSDx promises several key features, including branded stablecoins backed by PYUSD, fast time-to-market, cross-chain compatibility, and transparent reserve reporting. The platform combines M0’s universal stablecoin capabilities with MoonPay’s distribution infrastructure.<\/p>\n
“The next phase of stablecoin adoption is happening at the application layer,” said May Zabaneh, SVP & GM of Crypto at PayPal. “Developers want to build differentiated experiences, but they shouldn’t have to rebuild trusted monetary infrastructure from scratch.”<\/p>\n
Luca Prosperi, CEO of M0, emphasized the platform’s role in fostering innovation. “Developers of crypto applications have been early adopters of custom stablecoin-backed technology, but they still don’t have a trusted platform they can use to quickly bootstrap solutions,” Prosperi stated. “PYUSDx will allow developers to iterate much more quickly within an interoperable solution and with built-in liquidity.”<\/p>\n
The first developer to utilize PYUSDx is USD.ai, which is building an application-specific stablecoin for AI infrastructure.<\/p>\n
This article was generated with the assistance of AI workflows.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"MoonPay and M0 have introduced PYUSDx, a platform aimed at simplifying the creation and management of application-specific stablecoins backed by Paypal’s PYUSD. MoonPay and M0 have officially launched PYUSDx, a platform designed to simplify the creation and management of application-specific stablecoins. PYUSDx leverages PYUSD, the stablecoin developed by PayPal and issued by Paxos Trust Company. […]<\/p>\n","protected":false},"author":2,"featured_media":420952,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-420939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=420939"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420939\/revisions"}],"predecessor-version":[{"id":420953,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420939\/revisions\/420953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/420952"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=420939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=420939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=420939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}