PayPal, in collaboration with MoonPay and M0, has introduced PYUSDx, a new framework designed to enable developers to create their own stablecoins. These stablecoins will be pegged to the US dollar and backed by PayPal USD (PYUSD), specifically for use within various applications, platforms, or ecosystems. The official launch is set for next month. PYUSDx, developed by MoonPay Digital Assets, offers a tokenization and issuance framework that allows developers to quickly launch branded stablecoins with cross-chain capabilities and reserve transparency. This framework eliminates the need for developers to build monetary infrastructure from scratch. Notably, the DeFi protocol USD.ai is the first to utilize this platform to create a stablecoin for AI infrastructure. However, PYUSDx tokens are independent of PayPal USD and cannot be used, sent, or stored in PayPal or Venmo accounts.