PYUSDx reaches $100M as M0 CEO explains business stablecoin model

PayPal, M0, and MoonPay have publicly launched PYUSDx after three products processed about $100 million through the business stablecoin platform. Summary PYUSDx lets businesses issue programmable tokens backed one-to-one by PayPal USD. Saturn, Concrete, and Cap have processed about $100 million across three live products. Businesses can control token policies and allocate revenue generated by the backing. A shared swap facility converts supported tokens at par without separate liquidity pools. M0 CEO and co-founder Luca Prosperi told crypto.news that PYUSDx gives businesses control over token rules, revenue, and administration that they would not receive by integrating PayPal USD directly. PayPal, MoonPay and M0 introduced the platform in February as infrastructure for developers seeking to issue application-specific stablecoins without building the underlying token and reserve systems from scratch. With the public launch, Saturn, Concrete, and Cap are using PYUSDx for three different products. Saturn operates a Bitcoin-backed lending product, Concrete runs an onchain investment vault, and Cap provides a credit platform. According to Prosperi, the three products have processed abou...