PayPal and MoonPay introduce PYUSDx, enabling developers to create stablecoins based on PayPal USD, launching next month.
PayPal, in collaboration with MoonPay and fintech firm M0, has launched a new platform called PYUSDx, designed to allow developers to create their own stablecoins based on PayPal USD (PYUSD). This initiative aims to streamline the process for developers by providing a framework that operates separately from the original PYUSD, set to debut next month.
The PYUSDx platform will not permit the storage or transfer of tokens through standard PayPal or Venmo accounts. Instead, it integrates M0's smart contract technology with MoonPay's infrastructure, significantly reducing the technical complexities involved in developing payment solutions from the ground up.
Key features of PYUSDx include:
- Rapid token launch capabilities;
- Interoperability with multiple blockchains;
- Transparent reserve management;
- Branding flexibility for stablecoins.
The DeFi protocol USD.ai will be the first to utilize this platform, creating a dedicated stablecoin for artificial intelligence applications.
In addition, PayPal is enhancing the practical use of PYUSD, with plans for content creators on YouTube in the U.S. to receive payments in this stablecoin by the end of 2025.
SBI Holdings Introduces JPYSC Stablecoin
In a related development, Japanese financial institution SBI Holdings and Startale Group have announced the upcoming launch of JPYSC, a stablecoin pegged to the Japanese yen. The coin's development began in December 2025, with a rollout anticipated between April and June.
SBI Shinsei Trust Bank will issue JPYSC, adhering to local digital asset regulations, while SBI VC Trade will manage its distribution and Startale will oversee the technical infrastructure. The JPYSC is marketed as a regulated alternative to dollar-linked stablecoins, targeting institutional users, on-chain payments, and international transactions, with plans for its use in micropayments among AI systems.
Notably, the volume of stablecoin transactions surpassed $10.5 trillion in January, marking the highest level since April 2022.
