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Futures
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Quick staking, earn potential new tokens
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Alpha Points
NEW
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Auto-invest on a regular basis
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VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake BTC and earn 10% APR
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Paxos transferred 329 million PYUSD, what are the institutions planning?
[Coin World] Just detected a large stablecoin transfer: Paxos Wallet transferred 329 million PYUSD, the target address is not yet clear. Based on the current Exchange Rate, this transfer is worth approximately 329 million USD.
This level of fund movement usually indicates that institutions are rebalancing or preparing for significant actions. As a stablecoin backed by PayPal, PYUSD has seen an increase in on-chain activity recently. Does this transfer signify any new arrangements? It's worth keeping an eye on.