PayPal expands stablecoin rails with custom token issuance platform

60-second summary

PayPal launches the PYUSDx stablecoin developer platform, enabling custom token issuance backed by its PayPal USD (PYUSD) stablecoin and powered by M0 and MoonPay, and immediately opens a new rails for creators and businesses to mint and manage digital assets; this expansion could boost PayPal’s crypto volume, deepen DeFi integration, and pressure competing stablecoin providers.