Paxos collaborates with Hashnote to promote the integration and transformation of PYUSD and USYC

Hashnote, a digital asset management company, announced a partnership with Paxos to promote a "two-way atomic settlement process" that allows for real-time conversion between revenue generating USYC tokens and PayPal stablecoins. Hashnote CEO Leo Mizuhara stated that being able to mint and exchange coins in real-time between PYUSD and USYC not only enhances liquidity, but also puts all stakeholders at the forefront of revenue generation in the digital asset field. Data shows that the market value of PYUSD exceeded $300 million at the beginning of this year, but it shrank significantly in March. (TheBlock)