MoonPay launches infrastructure platform to power PYUSD-based stablecoin ecosystem
Crypto payments company MoonPay has introduced a new infrastructure platform designed to support stablecoins backed by PYUSD. Launched in collaboration with M0 and PayPal, PYUSDx offering enables the creation of application-specific stablecoins backed by PayPal USD (PYUSD), leveraging the core foundation of an established stablecoin, PayPal USD (PYUSD).
The platform is intended to provide technical infrastructure that enables businesses and developers to integrate and build services around the PYUSD stablecoin, which is a U.S. dollar-pegged digital asset issued by PayPal and designed for use in blockchain-based payments and digital finance.
MoonPay said the new infrastructure will support applications that require stablecoin payments, on-chain transactions, and digital asset settlement. These can include digital wallets, crypto exchanges, cross-border payment platforms, merchant checkout systems, decentralized finance services, and other financial applications that use blockchain to transfer and settle funds. Today, such functionalities are increasingly required by traditional finance (TradFi) institutions along with DeFi natives.
The new platform provides tools that allow companies to integrate PYUSD into payment flows, wallets, and digital finance products. It is designed to simplify the process of building services that rely on stablecoin transactions. The launch reflects growing interest among fintech and crypto companies in developing infrastructure for stablecoin payments.
Stablecoins are digital tokens whose value is tied to a traditional currency, most commonly the U.S. dollar. They are widely used in cryptocurrency markets and are now also integrated into legacy fiat infrastructure for trading, payments, and settlement. Their adoption has grown in recent years as companies explore blockchain-based alternatives for global payments and settlement.
Today, stablecoins are used by 13% of financial institutions and corporates globally, while 54% of current non-users are expecting to adopt them in the next 6 to 12 months. These digital assets now comprise 30% of all on-chain crypto transaction volume, and their highest annual volume reached over $4 trillion record in August 2025, an 83% increase on the same period in 2024.
Enterprise investors are also increasingly adding stablecoin options to their portfolios, as 62% see them as a safe haven in volatile markets.
MoonPay has previously focused on providing on-ramps and off-ramps that allow users to buy and sell digital assets using traditional payment methods. The new platform expands its role into infrastructure services for blockchain-based financial products, supporting companies developing services around stablecoin-based digital finance.
