PayPal’s new platform lets anyone issue a dollar backed by a dollar Crypto News By: Andrew Folkler 11 September 2026 at 05:51 MoonPay issues the token. It is backed by PYUSD. PYUSD is issued by Paxos and backed by actual dollars and Treasuries. Count the layers: there are two, and the law Congress passed last year describes one.
PayPal launches PYUSDx after $100M milestone Crypto News By: Olivia Stephanie 10 September 2026 at 04:13 PayPal, M0 and MoonPay launched PYUSDx, enabling customized PYUSD-backed stablecoins as its first three projects report over $100 million.
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