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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 the Trump NFT Collection: A Fusion of Politics and Blockchain Technology

Former U.S. President Donald Trump is making headlines once again as he ventures into the world of cryptocurrency by launching a new NFT collection. The Collect Trump Card Twitter account recently announced the minting of 200 cards from the Trump MugShot collection on the Bitcoin blockchain. Here are the key details surrounding this latest development:

NFT Collection Details:

  • The NFT collection will consist of 200 cards with images from the Trump MugShot collection inscribed on the Bitcoin blockchain.
  • The inscriptions will be available for sale on Magic Eden at a later undisclosed date.
  • To purchase the 100 NFTs, buyers must use Wrapped Ethereum, a digital asset that allows the value of native assets like Ethereum to transfer across blockchains.
  • The first 200 individuals who buy 100 Trump NFTs in a single transaction will receive a unique "one of one" inscription.
  • Buyers of the 100 NFTs will also receive two VIP tickets to an event hosted by Trump at Mar-a-Lago.
  • The NFTs are non-transferrable until December 31, 2024, as stated by Collect Trump Cards.

Previous Ventures:

  • This initiative is not the former president's first foray into digital collectibles. In December, the MugShot Edition launched a collection of 100,000 NFTs on the Polygon network.
  • In the same month, Trump sold 1,075 ETH (approximately $2.4 million at the time) according to blockchain intelligence firm Arkham.
  • The Collect Trump Card Twitter account emphasized that the NFTs are for entertainment purposes only and not as investment vehicles.

With less than half of the NFTs from the latest drop minted at the time of writing, it will be intriguing to see how this new venture unfolds within the cryptocurrency and NFT communities. The intersection of politics, digital collectibles, and blockchain technology continues to evolve, presenting unique opportunities for innovative projects like the Trump NFT collection.

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