[PayPal, MoonPay, and M0 Jointly Launch PYUSDx to Support Custom Stablecoin Creation] According to Cointelegraph, payment giant PayPal has partnered with MoonPay and stablecoin platform M0 to launch PYUSDx, aimed at helping developers create dollar-pegged stablecoins backed by PayPal USD (PYUSD) for use within specific applications, platforms, or ecosystems. The product is scheduled to officially launch 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-compatible stablecoins with reserve transparency, without having to build currency infrastructure from scratch. Currently, the DeFi protocol USD.ai has become 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.