Paxos International launches yield-bearing stablecoin USDL, pegged to USD, regulated by Abu Dhabi's FSRA, on Ethereum blockchain.
Paxos International, an affiliate based in the UAE, has launched Lift Dollar (USDL), a yield-bearing stablecoin regulated by Abu Dhabi's Financial Services Regulatory Authority. The USDL is pegged to the US dollar and offers a daily yield of approximately 5%. The stablecoin is issued on the Ethereum blockchain and will initially be available in select global markets, including Argentina, with plans to expand its partner network globally.
June 05, 2024
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