Make it yours
Choose your name, symbol, and token design.
Live
Fairblock
FairblockComing soon
Built around your brand.
Claim rewards
Non-rebasing, per-account rewards that you configure and distribute.
Liquidity from day one
Convert across tokens without bootstrapping a separate market.
Convert 1:1
Seamlessly convert between PYUSD and PYUSDx with no spread.
Build across chains
Deploy on Ethereum, Arbitrum, and Monad.
Move across networks
Transfer tokens through built-in cross-chain infrastructure.
How it works.
PYUSDx is MoonPay's issuance framework for application-specific stablecoins backed by PayPal USD (PYUSD). You design the token, M0 runs the shared token layer, and MoonPay Digital Assets Limited issues PYUSDx and manages the PYUSD reserves behind it.
Configure your token
Build on M0's templates. Define your brand, controls, and rewards.
Fund with PYUSD
MoonPay detects the deposit, allocates reserves, and delivers equivalent PYUSDx to the specified wallet. Your branded token is built on top of PYUSDx.
Redeem onchain
Convert your token back to PYUSDx. MoonPay burns redeemed PYUSDx and delivers equivalent PYUSD from reserves.
Established infrastructure underneath.
MoonPay
PYUSD reserve operations, minting, and redemption.
M0
Programmable token infrastructure, shared liquidity and cross-chain capabilities.
PayPal USD
The underlying reserve asset, issued by Paxos.
PYUSDx tokens (and any digital tokens issued on the PYUSDx platform) are not PayPal USD issued by Paxos Trust Company, NA or PayPal, are not a PayPal product or service, and are not otherwise affiliated with PayPal or Paxos Trust Company, NA. PYUSDx is not a regulated stablecoin and its regulatory classification varies by jurisdiction. Availability varies by jurisdiction and issuance model
Two ways to launch stablecoins with MoonPay Enterprise.
01
Issue
Issue is for businesses that want a fiat-backed stablecoin of their own. MoonPay manages reserves, onboarding, minting, and redemption, and you distribute through MoonPay Ramps, Trade, and connected enterprise partners.
02
PYUSDx
PYUSDx is for builders who want to launch a token backed by an established stablecoin. Your token is built on PayPal USD through M0's templates, converts 1:1 with other PYUSDx-powered tokens, and can support reward programs your business configures. Minting and redemption happen onchain against PYUSD, with no fiat leg.
FAQs
PYUSDx is an issuance framework from MoonPay and M0, built with PayPal, for application-specific stablecoins backed by PayPal USD (PYUSD). You create a custom token on top of PYUSDx with your own name, symbol, and rewards logic. M0 operates the shared token layer, and MoonPay Digital Assets Limited issues PYUSDx and manages the PYUSD reserves behind it.