Developers can launch application-specific stablecoins backed by PYUSD in days
NEW YORK, Feb. 27, 2026 /PRNewswire/ — MoonPay and M0 today introduced PYUSDx*, a new offering that enables the creation of application-specific stablecoins backed by PayPal USD (PYUSD). PYUSDx is designed to help builders launch and scale application-specific stablecoins while significantly lowering the technical and operational overhead to get started.
The market is moving quickly toward application-specific stablecoins designed for specific ecosystems, protocols, and business models. The number of newly issued stablecoins with more than $10M in supply increased 89% in 2025 alone1. As demand grows, more builders want to launch branded, application-specific stablecoins without spending months assembling the complex technical and operational infrastructure.
“Building and managing stablecoins at the application layer requires dependable infrastructure,” said Ivan Soto-Wright, CEO and co-founder of MoonPay. “Through PYUSDx, the MoonPay Group is extending its issuance and distribution capabilities to make PYUSD more accessible to developers, reducing the technical and operational complexity of bringing application-specific stablecoins to market.”
PYUSDx combines M0’s universal stablecoin and digital token platform with the MoonPay Group’s issuance and distribution infrastructure to provide developers with:
USD.ai is the first developer building on PYUSDx, using the platform to back an application-specific stablecoin designed for AI infrastructure.
PYUSDx tokens (and any digital tokens issued on the PYUSDx platform) are not PayPal USD issued by Paxos Trust Company, NA or PayPal, are not a PayPal product or service, and are not otherwise affiliated with PayPal or Paxos Trust Company, NA. PYUSDx tokens are not supported for storage, sending, or receiving within PayPal or Venmo accounts and cannot be used to transact on PayPal’s or Venmo’s platforms.
¹ Data sourced from Artemis/The Defiant stablecoin market analysis, December 2025.
PayPal, Inc. (NMLS ID #: 910457) is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.
SOURCE MoonPay
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