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We love a good UFO story here at indy100, and there’s a new video which has got people questioning what is real. Footage some are claiming to show a flying object with the letters “TRUFF” written on it zoom past the window of a plane has gone viral online. TikTok users have been sharing the video and it’s racked up millions of views, intriguing UFO enthusiasts and conspiracy theorists everywhere. It’s not clear when it was first uploaded, but the clip has raised eyebrows across the world. The strange footage has sparked all kinds of theories, but it looks like there’s a very clear explanation for it. Truff is the name of a sauce brand, which has been known for its unusual marketing ploys over recent times. The brand’s official account also posted the video. “The video shared with the claim that the UFO was seen is an advertisement for the sauce brand called Truff,” one social media user wrote. Another even went as far as saying: “Whomever is doing your marketing needs a raise! Great stuff. Never heard of the sauce, now [it’s] on my shopping list!” UFO stories have been everywhere in 2023. One of the most compelling stories of the year so far came when a model shared what some are describing on social media as the 'best UFO footage ever' after spotting something strange during a flight. Valentina Rueda Velez, a Colombian model who goes by the username @Valentinarueda.v on Instagram, shared a clip during a recent journey on a private plane. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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PayPal has launched a new cryptocurrency that is tied to and backed by the US dollar. PayPal USD, issued by Paxos Trust Company, is a type of digital currency called a stablecoin, which differs to other cryptocurrencies like bitcoin as their values are tied to traditional fiat currencies like dollars, pounds or euros. “The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said PayPal chief executive Dan Schulman. “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.” The new crypto token will roll out first to US PayPal customers, offering the ability to send and transfer PayPal USD to other people, as well as fund purchases when checking out at online stores. The new cryptocurrency comes at a time of increased scrutiny at the crypto industry, with regulators looking to avoid a repeat of the TerraUSD stablecoin collapse that wiped tens of billions of dollars from markets in 2022. The TerraUSD token was also pegged to the US dollar, however unlike PayPal USD it was not backed up by any dollar reserves. Instead, it used a partner cryptocurrency to maintain its value algorithmically, which ultimately caused both cryptocurrencies to crash in tandem. Other companies have also attempted to launch stablecoins, including Facebook’s Libra project, which was shut down last year after facing push back from regulators. The US House Financial Services Committee has since advanced a bill aiming to set up a federal framework for stablecoins in order to integrate them into modern payment systems. “We are currently at a crossroads to keep America at the forefront of digital asset innovation,” US Representative Patrick McHenry, who chairs the committee, said in a statement following PayPal’s announcement. “Congress is making significant, bipartisan progress on legislation to ensure the US leads the financial system of the future.” Read More What is Elon Musk’s ‘everything app’ X? Kenya suspends eyeball-scanning crypto worldcoin