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Produced by Daniel Aharonoff & Mogul Media AI

PYUSD Loans and Tokenized Assets: A New Era in DeFi

Unleashing Potential: PYUSD Loans and Tokenized Real World Assets In a groundbreaking development within the decentralized finance (DeFi) sector, a Swiss-based platform, Backed, has emerged as a pivotal player by powering PYUSD loans through tokenized Treasury Bill ETFs. This innovative approach not only enhances the utility of PYUSD but also provides new avenues for users to earn yield on their deposits, thus reshaping the landscape of stablecoins and lending markets. The Mechanics of PYUSD Loans Depository Functionality : Users can deposit PYUSD, a regulated USD stablecoin issued by Paxos for PayPal, into a Morpho Blue vault. This vault supports two types of collateral: Backed's tokenized Treasury Bill ETFs Lido’s wstETH Yield Generation : Depositors of PYUSD earn yield by lending to borrowers who take out loans. This dual engine mechanism—an innovative blend of real-world yields and crypto rewards—optimizes returns across varying market conditions. Tokenized Rea
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling Donald Trump's Firm Stance Against US Central Bank Digital Currency

Former U.S. President Donald Trump has taken a firm stance against the creation of a U.S. central bank digital currency (CBDC) if reelected, labeling it as a "dangerous threat to freedom" during a campaign speech in New Hampshire. Trump's promise to shield Americans from potential government overreach was clear as he vowed, "as your President, I will never allow the creation of a central bank digital currency." This bold assertion underscores his belief that such a currency would grant the federal government unprecedented control over individuals' finances, warning that they could manipulate funds without detection. Trump's anti-CBDC position marks a shift from his previous crypto skepticism, signaling an attempt to court the pro-crypto constituency.

Trump's Stance on CBDCs

  • Trump declared CBDCs as a threat to freedom and vowed to prevent their introduction in the U.S.
  • He emphasized the potential dangers of a government-controlled digital currency, highlighting the risk of financial manipulation.

Support from Crypto Advocates

  • Former Presidential candidate Vivek Ramaswamy endorsed Trump's anti-CBDC stance, opting to support Trump post-Iowa caucuses.
  • Trump's release of NFT collections, generating millions in Ethereum sales, further solidifies his connection to the crypto community.

Campaign Trail Dynamics

  • The debate around crypto and U.S. CBDCs has intensified on the campaign trail, with Trump's rival Ron DeSantis vowing to "end Biden's war on Bitcoin" and banning CBDCs in Florida.
  • DeSantis also announced that Florida would accept Bitcoin as payment for state taxes from businesses, showcasing a pro-crypto stance in the political arena.

Former President Trump's unequivocal rejection of a U.S. central bank digital currency underscores his commitment to safeguarding financial autonomy and privacy for American citizens. His alignment with the crypto community and opposition to CBDCs represent a strategic shift in his campaign narrative, tapping into the growing influence of digital assets in the political landscape.

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