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Updated 4:35 PM KST, Tue April 28, 2026 | Mobile Web

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PayPal launches PYUSDx to support app-specific stablecoins

PayPal has unveiled the PYUSDx platform to support developers in issuing app-specific stablecoins, Cointelegraph reported on Feb. 27. PayPal is launching PYUSDx in partnership with MoonPay and stablecoin platform M0. The platform allows developers to use PayPal USD-based stablecoins inside apps. USD.ai joined as the first developer. PYUSDx tokens operate separately from PayPal USD and cannot be used in PayPal or Venmo accounts.

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