PayPal scales up stablecoin rails with custom token issuance service
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Internet commerce giant PayPal PYPL $ 52.20 · Market Closed extended its blockchain-based stablecoin effort to include a custom stablecoin developer platform, dubbed PYUSDx, built with the help of fiat-pegged token specialist M0 and crypto payments firm MoonPay, the companies said on Tuesday.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Internet commerce giant PayPal PYPL $ 52.20
- Market Closed extended its blockchain-based stablecoin effort to include a custom stablecoin developer platform, dubbed PYUSDx, built with the help
- The platform, which gives any business the infrastructure to start a custom stablecoin backed by PayPal USD PYUSD $ 1.0019, was first teased back in February
- It’s now going live with tokens issued by crypto native firms Saturn, Concrete and Cap; which bring over $100 million of processed volume to the platform, according to a press release
Summary
PYUSDx goes live with tokens issued by crypto native firms Saturn, Concrete and Cap. The three go-live partners bring over $100 million of processed volume to the new platform. The platform, which gives any business the infrastructure to start a custom stablecoin backed by PayPal USD PYUSD $ 1.0019, was first teased back in February. It’s now going live with tokens issued by crypto native firms Saturn, Concrete and Cap; which bring over $100 million of processed volume to the platform, according to a press release.