Wire · technology
PayPal expands stablecoin rails with custom token issuance platform
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Fusion42 · 10 September 2026 · Fusion42 review
PayPal launched PYUSDx, a custom stablecoin issuance platform backed by its PYUSD stablecoin, partnering with crypto firms M0 and MoonPay to enable businesses to create fiat-pegged tokens. The platform launched with three crypto-native token issuers processing over $100 million in volume, expanding PayPal's blockchain stablecoin ecosystem.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
PayPal is opening the door for businesses to issue stablecoins backed by PYUSD, creating new demand for developer tools in fiat-pegged token issuance and bringing mainstream payment volume onchain. You should explore integrations or partnerships now before the stablecoin rails become a crowded gateway.
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1 source · 9 Sep 2026
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