Wharton Archives

Three Trillion PyUSD Minted

A line graph showing PyUSD total supply over time

Three Trillion PyUSD Minted Written by Brett Hemenway Falk On October 16th 2025, PayPal accidentally minted Three Trillion PyUSD. This mistake was an embarrassment for Paxos and PayPal, but did not directly result in the loss of user funds. PyUSD The PyUSD contract is available on Github. All of its…Read More

Ethena’s Synthetic Dollar Token

Ethena's Synthetic Dollar Token Written by Brett Hemenway Falk To understand Ethena's USDe, it is useful to consider it in relation to other stablecoins. Fiat-backed stablecoins like USDT or USDC are backed by dollar-denominated assets (e.g. short-term treasuries) held off-chain by their issuer (Tether or Circle). Since USDT and USDC…Read More

Wharton Cypher Accelerator and the 2025 Altus Cohort

A group photo of the Wharton Cypher Accelerator team, smiling toward the viewer

It’s an exciting time for Wharton Cypher Accelerator, the financial technology accelerator at the Wharton School. Wharton Cypher was founded in 2021 by a team of talented research assistants working under the leadership of Professor Sarah Hammer, Executive Director at Wharton and Adjunct Professor at Penn Carey Law School. It…Read More

Wharton MBA Spotlight: PE/VC Club

On April 22, 2024, the Wharton Private Equity and Venture Capital (PE/VC) club hosted an intimate event at the Fitler Club to celebrate the graduating leaders of the club. Wharton faculty and Stevens Center co-directors David Musto and Dave Erickson were invited as honored guests, and delivered words of inspiration…Read More

Wharton Latin American Conference

On February 9 - 10, 2024, the University of Pennsylvania hosted the Wharton Latin American Conference at the Penn Museum. The Wharton Latin American Conference is the world’s largest LATAM conference organized by MBA students. The conference's mission is to establish an open and multicultural forum to generate and discuss…Read More

The Promise of Finiverse: Q&A with Alhaji Bah

Alhaji Bah helps a student at Big Picture High School navigate Finiverse. The Stevens Center for Innovation in Finance is launching an app called Finiverse that helps students figure out the true cost of higher education. Finiverse will broaden students' understanding of college debt and demonstrate the many paths they…Read More