DeFi· ★★★★· bullish·

PayPal launches PYUSDx platform for issuing stablecoins

  • —The PYUSDx platform was created by PayPal together with M0 and MoonPay
  • —The first issuers, Saturn, Concrete and Cap, processed over $100 million
  • —PYUSD is available to users in 70 countries worldwide
  • —USD.AI and Fairblock are also joining PYUSDx
Why it matters: PayPal is turning PYUSD into an infrastructure layer for third-party issuers, intensifying competition with Tether and Circle.
#PYUSD
Source: CoinTrust
More on this
DeFi · Sep 18
USDC's share on Solana falls to 44% as rival stablecoins grow
 DeFi · Sep 17
Stable.com taps Polygon OMS for stablecoin transfers to banks in 180 countries
 Exchanges · Sep 17
Upbit lists PYUSD and JPYC on KRW, BTC and USDT markets