[PayPal Launches Custom Stablecoin Issuance Platform PYUSDx to Expand Stablecoin Payment Infrastructure] According to CoinDesk, PayPal has officially announced the launch of its custom stablecoin developer platform, PYUSDx. Built with the assistance of fiat-pegged token experts M0 and crypto payment company MoonPay, the platform provides infrastructure for businesses to issue custom stablecoins backed by PayPal USD (PYUSD). Initially previewed in February this year, the platform is now officially live. Crypto-native companies Saturn, Concrete, and Cap have already issued tokens on the platform, contributing over $100 million in transaction volume. According to the announcement, other companies launching stablecoins on PYUSDx include USD.AI and Fairblock.