According to CoinMeta, PayPal has officially launched a custom stablecoin developer platform called pyusdx. This platform was built with the assistance of M0 and MoonPay, providing enterprises with the infrastructure needed to issue custom stablecoins supported by PayPal USD. To date, Saturn, Concrete, Cap, USD.AI, and Fairblock have issued tokens on this platform, with a cumulative transaction volume exceeding 100 million US dollars.