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It seems that MoonPay has launched a new stablecoin issuance framework called "PYUSDx" backed by PayPal USD. Looking at recent MoonPay developments, it feels like collaborations with major players are increasing.
In short, developers can now issue their own stablecoins backed by PayPal USD. It appears to be a framework that combines the infrastructure of M0 with MoonPay's issuance and distribution capabilities. These kinds of foundational developments by MoonPay are actually quite noteworthy.
When major payment companies like PayPal fully enter the cryptocurrency world, I think it's a positive for the overall market. Providers like MoonPay will help establish a more user-friendly stablecoin ecosystem. I'm curious to see how far this trend will spread in the future.