ππ We're excited to announce that Hashnote's yield-bearing #USYC is now live as a new collateral option on @DeribitExchange !
$USYC is an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, offering a stable, low-risk asset with daily yield disbursement to holders.
Here's why USYC and this integration stand out:
β Stability + Yield: USYC provides the stability of U.S. government-backed securities while delivering daily yield accrual for traders using it as collateral.
β Cross-Collateral Trading: Traders can now post USYC as collateral across BTC, ETH, USDC, and USDT derivatives in Deribit's cross-collateral engine.
β Daily Yield: Benefit from consistent returns without duration risk and with absolute minimal credit risk
β Fast Liquidity: Mint and redeem USYC seamlessly with fiat, $USDC, or $PYUSD, with settlement times as fast as T+0, T+1. Plus, our Smart Contract Teller ensures 24/7 access for hassle-free liquidity management.
π Security and Transparency: USYC assets are safely held in segregated accounts at @BNYglobal. Hashnote operates under rigorous oversight by the @CFTC and CIMA, providing traders with maximum security and complete transparency, including daily updates on token prices and assets.
π Read the full details in the press release -> https://t.co/Y66sWGyMdY
#youloveyield
ππ We're excited to announce that Hashnote's yield-bearing #USYC is now live as a new collateral option on @DeribitExchange !
$USYC is an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, offering a stable, low-risk asset with daily yield disbursement to holders.
Here's why USYC and this integration stand out:
β Stability + Yield: USYC provides the stability of U.S. government-backed securities while delivering daily yield accrual for traders using it as collateral.
β Cross-Collateral Trading: Traders can now post USYC as collateral across BTC, ETH, USDC, and USDT derivatives in Deribit's cross-collateral engine.
β Daily Yield: Benefit from consistent returns without duration risk and with absolute minimal credit risk
β Fast Liquidity: Mint and redeem USYC seamlessly with fiat, $USDC, or $PYUSD, with settlement times as fast as T+0, T+1. Plus, our Smart Contract Teller ensures 24/7 access for hassle-free liquidity management.
π Security and Transparency: USYC assets are safely held in segregated accounts at @BNYglobal. Hashnote operates under rigorous oversight by the @CFTC and CIMA, providing traders with maximum security and complete transparency, including daily updates on token prices and assets.
π Read the full details in the press release -> https://t.co/Y66sWGyMdY
#youloveyield
The upcoming presidential election is significantly influencing the #crypto market. Former President Donald Trump's pro-crypto stance and proposed legislative changes are creating a bullish environment.
Here's a summary of the key highlights:
β Trump's Advocacy: A keynote speech at the Bitcoin 2024 conference and promises to support crypto innovation.
β Legislation Impact: Senator Cynthia Lummis proposes the U.S. government purchase 1 million #Bitcoin.
β Bipartisan Support: Both major political parties are showing increasing support for digital assets.
β Bitcoin Halving: Reduced supply of newly mined Bitcoin traditionally supports higher prices.
β Introduction of Spot ETFs: New financial products attracting institutional and retail investors.
β Federal Reserve Rate Cuts: Anticipated dovish policies could boost investment in crypto.
Explore with @LeboBTC, Head of Private Wealth at Hashnote, how these factors are shaping the market.
Read the full article on @CoinDesk ->
https://t.co/lT6d0wMZmm