On the 9th, U.S. payment giant PayPal, blockchain startup M0, and cryptocurrency payment leader MoonPay launched the 'PYUSDx' platform, which allows businesses to issue their own branded stablecoins.
At launch, Bitcoin-backed lending service Saturn, on-chain credit provider Concrete, and asset management firm Cap have adopted the platform, with transaction volumes exceeding $100 million.
PYUSDx tokens are managed on-chain through smart contracts...
