PayPal Holdings Inc. launched PYUSDX, a platform allowing businesses to create custom stablecoins. These white-label digital dollars leverage PayPal's existing PYUSD reserves and infrastructure.
The move transitions PayPal from a payments processor to a foundational infrastructure provider for enterprises. Early platform activity has already surpassed $100 million in processed transactions.
This strategic initiative addresses the rising demand for branded digital currencies. The service creates a new revenue stream for the company.