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MoonPay and M0 launch the PYUSDx framework, allowing developers to issue application-specific stablecoins based on PayPal USD (PYUSD), using PYUSD as the underlying reserve asset. This eliminates the need to build their own issuance, custody, and liquidity systems, enabling quick deployment. PYUSDx is operated by MoonPay Digital Assets Limited and serves as an independent tokenization and issuance framework. Tokens created through this framework are different from PYUSD and are not supported within PayPal or Venmo accounts. (TheBlock)