Pyusdx stablecoin infrastructure for app builders

Developers building new financial and crypto experiences can now access the pyusdx stablecoin infrastructure to issue tailored digital dollars backed by PayPal USD.

MoonPay, M0 and PayPal unveil new PYUSDx framework

On Feb. 27, 2026 in New York, MoonPay and M0 announced PYUSDx, a new infrastructure platform that lets developers create application-specific stablecoins backed by PayPal USD (PYUSD). The solution aims to cut technical and operational complexity, allowing projects to launch their own stablecoins in days instead of months.

The push comes as the market shifts rapidly toward tailored digital assets optimized for specific ecosystems, protocols and business models. Moreover, the number of newly issued stablecoins with more than $10M in supply rose 89% in 2025 alone, underscoring strong demand for programmable, branded stablecoins.

However, many teams that want to issue such assets still face long integration cycles and heavy infrastructure requirements. PYUSDx is designed to remove these barriers by offering a turnkey issuance and distribution stack that sits on top of an established, regulated stablecoin.

Lowering the barrier to application-specific stablecoins

The new platform targets builders who want application specific stablecoins that plug directly into their products. Instead of assembling custom infrastructure, developers can rely on PYUSDx to handle tokenization, issuance and lifecycle management while focusing on user experience and product design.

“Building and managing stablecoins at the application layer requires dependable infrastructure,” said Ivan Soto-Wright, CEO and co-founder of MoonPay. “Through PYUSDx, the MoonPay Group is extending its issuance and distribution capabilities to make PYUSD more accessible to developers, reducing the technical and operational complexity of bringing application-specific stablecoins to market.”

PYUSDx tackles a key market gap: enabling fast, compliant launches of app-specific assets that leverage the underlying stability of PayPal USD. That said, it maintains a clear separation between the core money instrument and the tokenized representations built on top of it.

Relationship between PYUSD and PYUSDx

PayPal USD (PYUSD) is issued by Paxos Trust Company, NA, a federally regulated national banking association. By contrast, PYUSDx is a distinct tokenization and issuance framework operated by MoonPay Digital Assets Limited. It enables developers to create their own branded stablecoins that are fully backed by PYUSD reserves.

This layered approach allows builders to benefit from PYUSDs regulated foundation while customizing behavior at the application layer. Moreover, it preserves regulatory clarity around the primary stablecoin, since PYUSDx-based tokens sit on top as programmable wrappers backed 1:1 by PYUSD holdings.

According to MoonPay, this architecture is intended to give enterprises and fintechs confidence that their user-facing tokens rest on a proven, compliance-focused base asset, without sacrificing flexibility or speed of execution.

Why developers and fintechs are turning to PYUSDx

“Developers of crypto applications have been early adopters of custom stablecoin-backed technology, but they still dont have a trusted platform they can use to quickly bootstrap solutions,” said Luca Prosperi, CEO of M0. “PYUSDx will allow developers to iterate much more quickly within an interoperable solution and with built-in liquidity. We believe every fintech developer will eventually utilize a solution like PYUSDx.”

Prosperi emphasized that an interoperable base with embedded liquidity could shorten development cycles and promote innovation in on-chain payments and financial services. However, trust and regulatory-grade infrastructure remain essential to attracting large-scale fintech adoption.

“The next phase of stablecoin adoption is happening at the application layer. Developers want to build differentiated experiences, but they shouldn‘t have to rebuild trusted monetary infrastructure from scratch,” added May Zabaneh, Senior Vice President and General Manager of Crypto at PayPal. “We’re excited to see MoonPay and M0 use PYUSDx to help bring new, application-specific stablecoins to market, anchored in a regulated, trusted foundation.”

Core features of the PYUSDx infrastructure

The stablecoin issuance platform combines M0‘s universal stablecoin and digital token technology with the MoonPay Group’s issuance and distribution rails. Together, they aim to provide a full-stack solution for teams that need reliable money infrastructure but do not want to operate it themselves.

PYUSDx offers several core capabilities for developers and enterprises:

• Branded stablecoins backed by PayPal USD: Teams can launch their own named tokens that are fully paypal usd backed via PYUSD reserves.
• Fast time-to-market: The platform is designed for fast time to market, letting projects move from build to launch in days, not months.
• Cross-chain compatibility: Builders can tap into cross chain compatibility across M0s ecosystem, with similar features available on multiple blockchain networks.
• Reserve transparency: PYUSDx supports reserve transparency reporting, including on-chain reporting and reserve validation tailored to the branded tokens.
• Competitive economics: The framework is intended to offer more flexible and attractive economics than many other stablecoin-backed products.

Moreover, by integrating issuance, distribution and transparency tooling into a single stack, PYUSDx aims to become a primary set of stablecoin developer tools for fintechs, Web3 startups and enterprises experimenting with digital dollars.

First adopter: USD.ai and AI-focused stablecoin

USD.ai is the first developer to build on the new platform. It is using the infrastructure to support an application-specific stablecoin tailored for AI infrastructure use cases, including payments and value transfer across machine-to-machine systems.

The project illustrates how the pyusdx stablecoin framework can target specialized verticals such as artificial intelligence while still leveraging PYUSDs regulated backing. That said, MoonPay and M0 expect broader adoption across gaming, remittances, loyalty programs and embedded finance.

Outlook for PYUSDx and the stablecoin market

With demand for programmable digital dollars rising, the launch positions MoonPay, M0 and PayPal at the center of the shift to application-layer stablecoins. Moreover, by combining a regulated base asset, interoperable technology and built-in liquidity, the partners hope to accelerate new business models built on top of tokenized dollars.

If adoption continues to grow at the pace seen in 2025, platforms like PYUSDx could become a standard way for fintechs and Web3 companies to issue tailored money instruments. For now, the collaboration underscores how established financial brands and crypto-native firms are converging to define the next era of stablecoin infrastructure.

In summary, PYUSDx offers developers a structured way to issue PYUSD-backed, branded stablecoins with rapid deployment, regulatory-grade foundations and interoperability, potentially reshaping how digital dollars are integrated into applications and services.