PYUSDx, the platform enabling businesses to create customized stablecoins backed by PayPal USD, has launched publicly with 100 million dollars in assets under management on day one. Tokens issued through this infrastructure are created by MoonPay Digital Assets, not by PayPal or Paxos, the issuer of PYUSD. Companies such as Saturn, Concrete and Pay Cap have already adopted the platform to offer tokenized dollars targeting mainly onchain financial services including lending and investment. The platform supports Ethereum, Arbitrum and Monad, and includes built-in conversion tools allowing participants to exchange tokens without creating new liquidity pools.
Source: Read the original article
