PayPal Launches PYUSDx After $100M Milestone
Saturn, Concrete and Cap are the first projects on the platform, and the companies said they have processed more than $100 million at launch.
- On Wednesday, September 9, 2026, PayPal and MoonPay launched the PYUSDx framework, an infrastructure platform enabling businesses to issue custom stablecoins backed by PayPal USD with three initial projects—Saturn, Concrete, and Cap.
- PYUSDx allows businesses to create application-specific stablecoins backed by PayPal USD without building separate issuance systems. MoonPay provides distribution and onboarding services while PayPal supplies the underlying reserve asset connection.
- The companies reported that the three initial projects collectively processed more than $100 million in volume at launch. This figure represents processed activity, not platform revenue or assets under management.
- Saturn uses the system for settlement tokens, Concrete for vault infrastructure, and Cap for credit platform assets. These custom tokens cannot be used for payments inside PayPal or Venmo applications.
- Integration plans include Fairblock as a future addition to the PYUSDx platform, though the project has not disclosed a confirmed activation date. Participation remains planned pending regulatory approvals and technical requirements.
12 Articles
12 Articles
crypto.news
Cryptocurrency News | Cryptocurrency Prices | Market CapPayPal launches PYUSDx after $100M milestone
PayPal, M0 and MoonPay launched PYUSDx, enabling customized PYUSD-backed stablecoins as its first three projects report over $100 million.
Paypal, M0 and Moonpay Let Companies Build Branded Stablecoins in Days
This week, payments juggernaut Paypal, alongside M0 and Moonpay, launched PYUSDx, a platform that allows companies to create their own stablecoin-based products. Moreover, Paypal’s Senior Vice President and General Manager of Crypto explained that the fiat-pegged sector is growing up and “maturing fast.” Paypal, M0 and Moonpay Turn Stablecoin Launches Into a Days-Long Job On […]
PayPal PYUSDx Opens Stablecoin Platform With $100M Activity
PayPal, M0 and MoonPay have launched PYUSDx with Saturn, Concrete and Cap as its first live projects, which collectively reported more than $100 million in processed volume. The platform lets businesses issue customized stablecoins backed by PYUSD while using shared programmable infrastructure.
PYUSDx has already exceeded $100 million in processed volume and allows companies to create tokens backed by PayPal USD with their own rules, administration and revenue.
PYUSDx Tops $100M Volume as PayPal Opens PYUSD to Builders
M0, MoonPay and PayPal have launched PYUSDx, an infrastructure platform that allows businesses to issue customised stablecoins backed by PayPal USD. Saturn, Concrete and Cap are live at launch, with the companies reporting more than $100 million in processed volume across the platform. The figure measures activity processed by PYUSDx. It should not be read as the circulating supply of one new stablecoin or added to the total supply figures discl…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
