[PYUSDx Processes Over $1 Billion in Transactions, Enables Enterprises to Create Branded Stablecoins Within Days] Odaily Planet Daily reports that payment company PayPal, in collaboration with stablecoin infrastructure project M0 and crypto payment platform MoonPay, has launched PYUSDx, a platform that allows enterprises to create stablecoin-based products within days. The platform has already processed over $1 billion in transactions, with companies like Saturn, Concrete, and Cap utilizing the technology to launch products. M0 co-founder and CEO Luca Prosperi stated that PYUSDx delegates the product layer to developers, enabling different enterprises to build diverse products based on the same technology. USD.AI and Fairblock are also listed as related projects. May Zabaneh, PayPal’s Senior Vice President and General Manager of Crypto, noted that the stablecoin market is rapidly maturing. As of September 10, the total market capitalization of stablecoins was approximately $305.25 billion, with USDT accounting for 60.07%. PYUSD’s market capitalization was around $2.814 billion, ranking eighth. Enterprises can issue branded digital dollars backed by PYUSD and set corresponding rules, with the option to redeem them for PYUSD when necessary. (Bitcoin.com News)