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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

Craig Wright Extends Settlement Offer to COPA and All Parties: Bitcoin Creator Saga Intensifies

Craig Wright, the man who controversially claims to be the creator of Bitcoin, has recently extended a settlement offer to the Crypto Open Patent Alliance (COPA) and all involved parties in an effort to avoid a trial regarding the intellectual property rights surrounding Bitcoin. This move comes after a UK judge mandated that Wright provide documented proof of his assertion of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin. With the impending legal battle in London's High Court, Wright aims to defend his intellectual property rights in Bitcoin while emphasizing the importance of upholding the core principles of the cryptocurrency.

Settlement Offer Details:

  • Waiver of Rights: Wright has agreed to waive his database rights and copyrights related to BTC, BCH, and ABC databases.
  • Irrevocable License: He offers an irrevocable license in perpetuity to the opposing parties who control, operate, and/or own those databases.
  • Encouraging Fair Competition: The intention behind the offer is to foster open commercialization of technologies in a competitive and fair market, where intellectual property rights are both respected and leveraged.
  • Promoting Fair Competition: By enabling fair competition alongside BSV, Wright aims to create an environment where all parties can compete on a level playing field.

As the legal saga surrounding the true identity of Bitcoin's creator continues, Wright's offer signifies a potential shift towards a resolution that prioritizes open commercialization and fair competition within the cryptocurrency space.

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