PayPal Launches PYUSDx to Let Businesses Issue Stablecoins Backed by PYUSD
PayPal, M0, and MoonPay launched PYUSDx, a platform that lets businesses issue branded stablecoins backed by PayPal USD. It’s a cleaner way to build dollar-like tokens — but the “stablecoin backed by a stablecoin” setup raises fresh legal and regulatory questions.
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