According to Foresight News, digital asset management company Hashnote has announced a partnership with Paxos, allowing for instant conversion between Hashnote's US Treasury token USYC and PayPal stablecoin PYUSD. The collaboration aims to improve the settlement of USYC tokens.
Hashnote stated that USYC is only available to investors outside the United States and is subject to eligibility restrictions and a minimum investment limit of $100,000. However, the company said that US investors can invest in USYC through the Hashnote Feeder Fund.