[MoonPay Launches PYUSDx Framework to Support Branded Stablecoins Based on PayPal PYUSD] Odaily Planet Daily News: MoonPay has released the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins using PayPal USD (PYUSD) as the reserve asset. This solution combines the stablecoin infrastructure protocol of M0 with MoonPay's issuance and distribution capabilities, achieving a separation of reserve management and token issuance, thereby accelerating the stablecoin launch process. Under this framework, PYUSD issued by Paxos Trust serves as the underlying reserve asset, while the branded stablecoins are issued by MoonPay Digital Assets. The latter has recently obtained a New York State Trust License, enabling it to act as a stablecoin issuing entity. Developers can launch customized stablecoins without the need to build their own underlying technology and operational systems. The launch of this product has also drawn market attention to whether it complies with the regulatory framework under the U.S. 'GENIUS Act' and the applicability of the related tokens in different jurisdictions in the future.