Hashnote 和 Paxos 结成联盟，提供增强收益的稳定币产品

Hashnote 在 Cumberland 和 DRW 的支持下，与 Paxos 联手，将 PayPal USD (PYUSD) 整合到其有收益的 USYC 代币中，提供由美国财政部投资支持的无风险利率回报。此次合作通过双向原子结算流程实现 USYC 和 PYUSD 之间的无缝转换，使闲置稳定币更具生产力，同时为大型机构提供流动性。 Hashnote 和 Paxos 之间的合作强调了他们在监管框架内对加密货币的共同承诺，确保全球客户保护。

Hashnote and Paxos Forge Strategic Alliance to Enhance Yield-Bearing Stablecoin Offering

Hashnote 和 Paxos 结成战略联盟，以增强稳定币的收益

Introduction

介绍

In a groundbreaking collaboration, Hashnote and Paxos join forces to revolutionize the digital asset space. Hashnote, the pioneering on-chain first digital asset manager, and Paxos, the leading regulated blockchain infrastructure and tokenization provider, have entered into a strategic partnership to address the evolving needs of market makers, traders, and institutions.

在一项突破性的合作中，Hashnote 和 Paxos 联手彻底改变了数字资产领域。开创性的链上数字资产管理公司 Hashnote 和领先的受监管区块链基础设施和代币化提供商 Paxos 已建立战略合作伙伴关系，以满足做市商、交易者和机构不断变化的需求。

Product Integration: USYC and PayPal USD Interoperability

产品集成：USYC 和 PayPal USD 互操作性

The centerpiece of this partnership lies in the seamless integration of the Hashnote yield-bearing US Dollar Coin (USYC) with PayPal USD (PYUSD), a stablecoin issued by Paxos. Through an innovative two-way atomic settlement process, this collaboration enables the frictionless conversion between USYC and PYUSD. This technological advancement eliminates time-consuming and costly intermediaries, allowing for instant settlement and maximizing investment efficiency.

此次合作的核心在于 Hashnote 收益美元币 (USYC) 与 Paxos 发行的稳定币 PayPal USD (PYUSD) 的无缝集成。通过创新的双向原子结算流程，此次合作实现了 USYC 和 PYUSD 之间的无摩擦转换。这项技术进步消除了耗时且成本高昂的中介机构，实现即时结算并最大限度地提高投资效率。

Enhanced Yield and Reduced Risk

提高产量并降低风险

USYC continually generates yield through investments in US Treasury Bills, repurchase (repo), and reverse repurchase (reverse-repo) agreements. This approach ensures short-term, risk-free returns while leveraging the rapid speed, transparency, and composability of on-chain transactions. Moreover, Hashnote's stringent regulatory compliance mitigates potential risks associated with protocol, custody, regulations, and credit.

USYC 通过投资美国国库券、回购 (repo) 和逆回购 (reverse-repo) 协议不断产生收益。这种方法确保短期、无风险的回报，同时利用链上交易的快速、透明和可组合性。此外，Hashnote 严格的监管合规性降低了与协议、托管、监管和信用相关的潜在风险。

Accessibility and Liquidity

可及性和流动性

USYC is accessible to eligible individuals and institutions outside the United States, with a minimum investment threshold of $100,000. US investors can gain exposure to USYC through the Hashnote Feeder Fund. The partnership with Paxos significantly increases the cap on immediate minting and redemption, guaranteeing ample liquidity to meet the demands of even the most substantial institutions.

USYC 面向美国境外符合条件的个人和机构开放，最低投资门槛为 100,000 美元。美国投资者可以通过 Hashnote Feeder Fund 获得 USYC 的投资。与 Paxos 的合作显着提高了即时铸币和赎回的上限，保证了充足的流动性，甚至可以满足最大规模机构的需求。

Regulatory Framework: Compliance and Security

监管框架：合规性和安全性

Paxos Trust Company, the issuer of PYUSD, operates under the strict regulatory oversight of the New York State Department of Financial Services (NYDFS). Hashnote is registered as a Commodity Pool Operator (CPO) with the U.S. Commodity Futures Trading Commission (CFTC), and its fund is registered as a mutual fund with the Cayman Islands Monetary Authority (CIMA). This robust regulatory framework ensures adherence to stringent financial standards and protects the interests of customers worldwide.

PYUSD 的发行人 Paxos Trust Company 在纽约州金融服务部 (NYDFS) 的严格监管下运营。 Hashnote 在美国商品期货交易委员会 (CFTC) 注册为商品池运营商 (CPO)，其基金在开曼群岛金融管理局 (CIMA) 注册为共同基金。这一强大的监管框架确保遵守严格的财务标准并保护全球客户的利益。

Benefits of the Collaboration

合作的好处

This partnership between Paxos and Hashnote brings numerous advantages to the market:

Paxos 和 Hashnote 之间的合作为市场带来了众多优势：

• Increased Value: Hashnote's yield-bearing USYC allows investors to optimize returns on their stablecoin holdings.
• Reduced Risk: Hashnote's regulated and compliant approach minimizes the risks associated with digital asset investments.
• Enhanced Liquidity: The ability to seamlessly convert between USYC and PYUSD ensures abundant liquidity for market makers, traders, and institutions.
• Regulatory Compliance: The partnership's strict adherence to regulatory frameworks provides peace of mind to customers.
• Global Accessibility: USYC is available to eligible investors outside the United States, making it a globally accessible investment vehicle.

Conclusion

价值增加：Hashnote 的收益 USYC 允许投资者优化其稳定币持有的回报。降低风险：Hashnote 的受监管和合规方法最大限度地降低与数字资产投资相关的风险。增强流动性：USYC 和 PYUSD 之间无缝转换的能力确保了充裕的流动性适合做市商、交易者和机构。监管合规性：该合作伙伴关系严格遵守监管框架，让客户高枕无忧。全球可访问性：USYC 可供美国以外的合格投资者使用，使其成为全球可访问的投资工具。结论

The strategic alliance between Hashnote and Paxos marks a significant milestone in the evolution of digital asset management. By seamlessly integrating the yield-bearing USYC with the regulated PYUSD, this partnership empowers market participants to maximize returns, reduce risk, enhance liquidity, conform to stringent regulatory requirements, and access a global marketplace. This collaboration sets a new standard for innovation and excellence in the digital asset industry, paving the way for a more secure, efficient, and rewarding financial landscape.

Hashnote 和 Paxos 之间的战略联盟标志着数字资产管理发展的一个重要里程碑。通过将产生收益的 USYC 与受监管的 PYUSD 无缝集成，这种合作关系使市场参与者能够最大化回报、降低风险、增强流动性、符合严格的监管要求并进入全球市场。此次合作为数字资产行业的创新和卓越树立了新标准，为更安全、更高效、更有价值的金融环境铺平了道路。