PayPal, MoonPay and M0 launch PYUSDx for app-branded stablecoins on Feb 27, 2026

On February 27, 2026, MoonPay, PayPal and M0 unveiled PYUSDx, a developer framework for creating application-branded stablecoins backed by PayPal USD. Tokens are issued by MoonPay Digital Assets Limited, which holds a New York trust license, and the first live project is USD.ai, focused on machine-to-machine payments; PYUSDx tokens are distinct from PYUSD and are not usable on PayPal or Venmo.