PANews February 27 News: According to Cointelegraph, payment giant PayPal has partnered with MoonPay and the stablecoin platform M0 to jointly launch PYUSDx, aimed at helping developers create USD-pegged stablecoins supported by PayPal USD (PYUSD) for specific applications, platforms, or ecosystems. The product is scheduled to go live next month.
PYUSDx is a tokenization and issuance framework provided by MoonPay Digital Assets, independent of the native PYUSD. Developers can use this framework to quickly launch branded, cross-chain supported stablecoins with transparent reserves, without building the monetary infrastructure from scratch. Currently, DeFi protocol USD.ai is the first developer to build an AI infrastructure-specific stablecoin on this platform. It is important to note that PYUSDx tokens are independent of PayPal USD and cannot be directly used, sent, or stored in PayPal or Venmo accounts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Starcloud supported by Nvidia announces that it will conduct Bitcoin mining in space this year.
Starcloud announces that later this year it will mine Bitcoin through space mining, becoming the first company to mine outside of Earth. CEO Philip Johnston mentioned that operating ASIC miners in space costs less than GPUs, and this industry is expected to grow rapidly. Starcloud's data center consists of 88,000 solar-powered satellites.
GateNews4m ago
BloFin Research: Circle Stablecoin Survives Bear Market, OCC Becomes the Biggest Critical Variable
BloFin Research report analyzes Circle's profit model, primarily driven by three factors: "interest rates, USDC scale, and distribution economics." However, OCC's new interpretation of the "GENIUS Act" could pose a serious threat to the collaboration between Circle and Coinbase, affecting USDC distribution efficiency. The report also notes that the stablecoin supply is decoupled from the crypto market prices, indicating that Circle's reserve income is more stable.
MarketWhisper1h ago
Hedera assists the Reserve Bank of Australia in completing 19 real transactions, verifying 24 tokenization scenarios
The Reserve Bank of Australia successfully completed 19 real financial transactions using Hedera technology under the "Golden Wattle Project," exploring 24 tokenization applications, including bonds and trade finance. This pilot not only confirmed Hedera's technological suitability but also provided practical references for future widespread adoption of tokenized assets by central banks and attracted the attention of other central banks.
MarketWhisper2h ago
NAORIS (Naoris Protocol) up 28.49% in the last 24 hours
Gate News Bot Message, March 09 — According to CoinMarketCap data, as of press time, NAORIS (Naoris Protocol) is trading at $0.04, up 28.49% in the past 24 hours. The highest price reached $0.04, while the lowest dropped to $0.02. The current market capitalization is approximately $23 million, an increase of $5.09 million from yesterday.
Naoris Protocol is the first Sub-Zero Layer 1 blockchain, combining security layer and sovereign L1. It uses dPoSec™ consensus mechanism, Swarm AI, and quantum-resistant DePIN architecture to provide real-time trust verification for the entire decentralized ecosystem. The project completed testnet launch on January 31, 2025, and finished testnet and officially launched $NAORIS token trading on November 12.
Protocol
GateNews2h ago
XRPL 7 million accounts' idle liquidity awaiting activation, payment super app accelerates deployment
Anodos Finance CEO Panos Mekras stated that XRPL has over 7 million accounts and billions of dollars in idle XRP, emphasizing that these assets need to be transformed into everyday payment applications. Anodos plans to launch a financial super app and a self-custody card, utilizing the RLUSD stablecoin to address price volatility issues and promote the practical use of XRPL.
MarketWhisper2h ago
