Moonpay, in collaboration with the universal stablecoin platform M0, has launched PYUSDx, a new framework enabling developers to create branded stablecoins backed by PayPal USD (PYUSD). Announced on February 27, 2026, PYUSDx aims to streamline the process of launching stablecoins by reducing technical and regulatory hurdles, allowing deployment in just days. The initiative leverages PYUSD, issued by Paxos Trust Company, as the reserve currency, facilitating the creation of app-specific stablecoins tailored to unique economic models. The first adopter of this infrastructure is USD.ai, which is developing a stablecoin for AI infrastructure payments. PYUSDx tokens, while backed by PYUSD, are issued by Moonpay Digital Assets Limited and are distinct from PayPal's core offerings. The platform offers features such as fast time-to-market, branded issuance, cross-chain interoperability, and on-chain transparency, supporting the growing trend of "Stablecoin 2.0."