PayPal, M0 and MoonPay Enable Branded App-Specific Stablecoins
PayPal, M0 and MoonPay are turning stablecoin launches into a days-long process with PYUSDx, letting developers create application-specific branded stablecoins. The tokens stay backed by PayPal’s PYUSD (about $2.814 billion market value) and can be converted back when needed, while users remain inside the app. The stablecoin market is said to be maturing fast.