Hashnote Elevates Collateral Efficiency for PayPal USD With Paxos

Hashnote Elevates Collateral Efficiency for PayPal USD With Paxos
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MIAMI–(BUSINESS WIRE)–Hashnote, the on-chain first digital asset manager, supported by Cumberland and DRW, introduces its strategic collaboration with Paxos, a leading regulated blockchain infrastructure and tokenization provider, to address the needs of market makers, traders, and institutions by integrating PayPal USD (PYUSD) into Hashnote’s yield-bearing USYC. Achieved through cutting-edge technology, the two-way atomic settlement process allows for instantaneous conversion between USYC and PYUSD.

USYC token yield is backed by investment in US Treasury Bills, repurchase (repo), and reverse repurchase (reverse-repo) agreements. It delivers short-term, risk-free rate returns, leveraging the benefits of rapid on-chain transaction speed, transparency, and composability. Hashnote’s regulated and compliant approach mitigates the protocol, custody, regulatory, and credit risks typically associated with other token projects. USYC is only accessible to individuals and in

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