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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

Exploring Donald Trump's Lucrative Crypto Holdings: A Deep Dive

The recent surge in the value of meme coins has brought attention to an Ethereum wallet linked to former President Donald Trump, as reported by CoinDesk. Here are the key details surrounding Trump's cryptocurrency holdings:

Trump's Crypto Holdings:

  • The Ethereum wallet associated with Trump holds over 579,000 MAGA and TRUMP tokens.
  • The value of Trump's holdings is estimated to be around $1.1 million, with the TRUMP token jumping 222% in a week and 689% over the past 14 days, according to CoinGecko.
  • Meme coins like TRUMP can experience significant price fluctuations driven by social media sentiment and real-world events.
  • Trump's wallet did not create the TRUMP token, as meme coins inspired by public figures are often generated anonymously to capitalize on hype and FOMO.

Token Transfers:

  • Trump's wallet received a substantial amount of TRUMP tokens across multiple transactions in August and October 2023, based on data from Etherscan.
  • The largest transfer on August 19 delivered 469,901 tokens worth $5,670 at the time, as per DexScreener.
  • Currently, Trump's TRUMP tokens are valued at $1.1 million, constituting the largest holding in his wallet, which also includes nearly $2.6 million worth of various cryptocurrencies like Ethereum (ETH) and Wrapped Ethereum (WETH).

NFT Collections:

  • In December, Trump's wallet sold $2.4 million worth of ETH after launching his third NFT collection on the Polygon scaling network.
  • Despite only half of the latest NFT collection being minted so far, the two previous collections were sold out, showcasing continued interest in Trump's digital assets.

The evolving landscape of cryptocurrency holdings tied to prominent figures underscores the intersection of digital assets and public personas, reflecting the broader trend of celebrities engaging with blockchain technology and meme coins.

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