Paxos International's Launch of a Yield-Offering Stablecoin, Lift Dollar (USDL), Was Announced by Paxos

Paxos International, the UAE-based division of Paxos, the Blockchain and tokenization infrastructure platform, has unveiled a very interesting stablecoin — particularly appealing to the conservative crypto investors — known as lift dollar (USDL), which guarantees daily yields while adhering to strict regulatory oversight.

USDL, issued by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market, offers a unique opportunity for individuals to earn on stablecoins (so to speak, holding and staking opportunity, two-in-one). Holders of this stablecoin will receive overnight returns from short-term U.S. government securities and reserve assets equivalent to cash, with each USDL being backed by a 1:1 U.S. dollar value.