[MoonPay Launches PYUSDx Stablecoin Issuance Framework Backed by PYUSD] According to Golden Finance, MoonPay has launched the PYUSDx framework, which allows developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD) as a reserve asset. This product combines the M0 stablecoin infrastructure protocol (which separates reserve management from token issuance) with MoonPay's issuance and distribution capabilities.