Hashnote has partnered with Paxos to improve USYC token settlement

ChainCatcher news, according to The Block, digital asset management company Hashnote announced a partnership with Paxos that will allow for instant conversion between Hashnote's U.S. Treasury token USYC and PayPal stablecoin PYUSD, aimed at improving the settlement of the USYC token.

Hashnote stated that USYC is only open to investors outside the United States and is subject to qualification restrictions and a minimum investment amount of $100,000, but the company noted that U.S. investors "can invest in USYC through the Hashnote Feeder Fund."