PayPals PYUSD gets DeFi yield powered by Backeds real-world assets on Morpho
–News Direct– PYUSD users can now access yield powered by Backeds tokenized real-world assets (RWAs) on Morpho Blue – this marks the first time the stablecoin has been added to a major lending market. PYUSD, the regulated USD stablecoin issued by Paxos for PayPal, can now be deposited into a vault curated by Steakhouse Financial on Morphos new decentralized lending protocol, Morpho Blue. Users get yield on their PYUSD by lending to users who take out loans. Steakhouse Financial has
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