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Techub News reports, according to Cointelegraph, PayPal, in collaboration with MoonPay and the stablecoin platform M0, has launched PYUSDx, a tokenization and issuance framework that allows developers to create stablecoins backed by PayPal USD (PYUSD) and pegged to the US dollar for use within specific applications, platforms, or ecosystems. The product is scheduled to officially launch next month. PYUSDx is provided by MoonPay Digital Assets, operates independently of the native PYUSD, and enables developers to quickly launch brand-customized, cross-chain supported, and reserve-transparent stablecoins without having to build infrastructure from scratch. Currently, the DeFi protocol USD.ai has become the first developer to utilize this platform to build a stablecoin dedicated to AI infrastructure. It is important to note that PYUSDx tokens and PayPal USD are independent of each other and cannot be directly used, sent, or stored in PayPal or Venmo accounts.
Techub News reports, according to The Block, self-custody wallet company Exodus Movement is collaborating with MoonPay and M0 to launch a U.S. dollar-backed stablecoin. This stablecoin is developed based on M0's infrastructure and will be issued and managed by MoonPay. It is expected to complement the upcoming payment feature Exodus Pay in the Exodus App, enabling users to spend and manage funds using the stablecoin and earn rewards. The stablecoin is scheduled to launch in early 2026, with more details regarding supported networks, availability, and product integrations to be announced closer to the launch date.
Techub News, According to CoinDesk, Anchorage Digital, the first federally chartered crypto bank in the United States, has announced a partnership with stablecoin infrastructure platform M0 to provide stablecoin issuance services for its institutional clients. The collaboration aims to expand the bank's platform capabilities, enabling its institutional clients to access compliant stablecoin issuance infrastructure ahead of the GENIUS Act (Stablecoin Regulatory Act). The platform provided by M0 supports institutions in minting, transferring, and redeeming stablecoins.
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