PYUSDx stablecoin launchpad hits $100M in assets on day one, with three projects built on PayPal USD-backed platform

Day-one scale be a test of migration plumbing, not fresh demand: wrap existing protocol liquidity in PYUSD-backed labels and AUM appears before users do. The launch release calls $100M “processed volume,” says only part of Cap’s existing cUSD migrated, and Cointelegraph reports PYUSDx tokens cannot enter PayPal or Venmo—so ye should watch net new minting and redemption depth. 🦑

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