Svmuu News: MoonPay has launched the PYUSDx framework, which allows developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD). This solution combines M0’s stablecoin infrastructure protocol with MoonPay’s issuance and distribution capabilities, separating reserve management from token issuance to accelerate the stablecoin launch process. Under this architecture, PYUSD—issued by Paxos Trust—serves as the underlying reserve asset, while branded stablecoins are issued by MoonPay Digital Assets. The latter recently obtained a New York State trust license, qualifying it to act as a stablecoin issuer. Developers can launch customized stablecoins without having to build their own underlying technology or operational systems. As this product launches, the market is also closely watching whether it complies with the regulatory framework of the U.S. GENIUS Act, as well as the future applicability of the relevant tokens across different jurisdictions.