PayPal USD to Power App-Specific Stablecoins via PYUSDx
PayPal, MoonPay and M0 released PYUSDx, a platform allowing developers to create application-specific stablecoins backed by PayPal USD.

Source: Cointelegraph
PayPal, MoonPay and M0 released PYUSDx, a platform allowing developers to create application-specific stablecoins backed by PayPal USD.