PayPal launches PYUSDx for branded stablecoins
Crypto.news says the infrastructure layer is already live with Saturn, Concrete and Cap, processing more than $100 million in volume.
TLDR
Crypto.news reports that PayPal has launched PYUSDx, an infrastructure layer that lets companies build branded stablecoins on top of PYUSD. The outlet says it is already live with Saturn, Concrete and Cap, processing more than $100 million in volume. It describes the launch as a shift in PayPal’s focus toward powering stablecoins built on PYUSD.
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