PYUSDx stablecoin platform crosses $100 million in scale
New York, NY, USA, September 9th, 2026, Chainwire
As stablecoin issuance and usage accelerate, the PYUSD ecosystem is expanding alongside it.
PayPal
Saturn, Concrete, and Cap have launched stablecoins on the PYUSDx platform with over $100 million in processed volume, demonstrating how a single infrastructure can underpin fundamentally different financial products across credit, investments, and DeFi.
About PayPal USD (PYUSD)
PayPal USD is issued by Paxos Trust Company, N.A., a federally regulated national trust bank overseen by the Office of the Comptroller of the Currency (OCC). Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.
PayPal Digital, Inc. (NMLS ID #: 2610315) is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com.
About M0
M0 gives businesses onchain solutions to build their own tokenized finance products. The technology is proven at scale, powering live tokenized finance and stablecoin products for partners around the world, secured and transparent with independent audits from the industry’s leading firms. Teams get up and running with less lift by tapping into an existing onchain network, with multi-chain compatibility and liquidity handled seamlessly. M0 is building the digital monetary network for a world where open financial systems win and proliferate, maturing and improving how global finance operates. Learn more at https://www.m0.org.
About MoonPay
Founded in 2019, MoonPay is a global financial technology company that helps businesses and consumers move value across fiat and digital assets. MoonPay has more than 30 million customers across 180 countries and supports more than 500 enterprise customers spanning crypto and fintech. MoonPay powers ramps, trading, commerce, and stablecoin infrastructure, connecting traditional payment rails with blockchains. MoonPay maintains a broad regulatory footprint, including a New York BitLicense, a New York Limited Purpose Trust Charter, and money transmitter licenses across the United States, as well as MiCA authorization in the EU. MoonPay Digital Assets Limited provides stablecoin and digital token issuance and distribution capabilities for Web3 builders, including PYUSDx. Learn more at https://www.moonpay.com.
Contact
Lauren Bukoskey
[email protected]
This article was originally published on Chainwire
