PayPal launched PYUSDx, a platform enabling businesses to issue customized stablecoins backed by PayPal’s USD stablecoin (PYUSD). This initiative transforms PYUSD into a foundational reserve asset, moving beyond its initial consumer payment use case.
Initial partners Saturn, Concrete, and Cap have already processed over $100 million in volume. The new framework reduces the time required for companies to launch their own digital assets.
PayPal aims to drive adoption by positioning PYUSD as base-layer infrastructure for third-party applications. This expansion follows the company's strategy to make stablecoins a corporate growth priority.