PayPal and MoonPay's PYUSDx goes live with $100M AUM
- —PYUSDx launched publicly with $100 million AUM on its first day
- —Tokens are issued by MoonPay Digital Assets, not PayPal or Paxos
- —Support for Ethereum, Arbitrum and Monad networks
- —First projects: Saturn (USDat), Concrete (concUSD) and Cap (cUSD)
Why it matters: A growing number of PYUSD-based tokens could increase demand for PYUSD itself without holders needing to hold it directly.
Source: AMBCrypto