MoonPay launches the PYUSDx framework, supporting the issuance of brand-stablecoins based on PayPal PYUSD

Odaily Planet Daily reports that MoonPay has launched the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD). This solution combines M0's stablecoin infrastructure protocol with MoonPay's issuance and distribution capabilities, separating reserve management from token issuance to accelerate the stablecoin launch process.

Under this architecture, PYUSD issued by Paxos Trust serves as the underlying reserve asset, while the branded stablecoin is issued by MoonPay Digital Assets. The latter has recently obtained a New York trust license, enabling it to act as the issuer of stablecoins. Developers can launch customized stablecoins without building their own underlying technology and operational systems.

At the product launch, market attention also focused on whether it complies with the regulatory framework of the U.S. GENUIS Act and the future applicability of these tokens across different jurisdictions.