Paxos launches yield-bearing stablecoin Lift Dollar (USDL)

2024-06-06 00:58:01

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ChainCatcher news, according to Coindesk, Paxos has launched a yield-bearing, USD-pegged stablecoin called Lift Dollar (USDL), regulated by the United Arab Emirates (UAE). The stablecoin is issued by the company's UAE division, Paxos International, and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

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