According to CoinMeta, PayPal in collaboration with M0 and MoonPay have launched the PYUSDX platform, which enables companies to create brand-backed stablecoins within a few days. The current trading volume has already exceeded 100 million US dollars. Saturn, Concrete, Cap, USD.AI, and Fairblock have already adopted this technology. The co-founder and CEO Luca Prosperi stated that the product development will be handed over to developers. PayPal, the Senior Vice President of Crypto Business and General Manager of May Zabaneh, indicated that the stablecoin market is maturing rapidly.