ChainCatcher news, Paxos has launched the yield-bearing stablecoin Wrapped Lift Dollar (wUSDL) in the Injective ecosystem. Users can utilize this new stablecoin within Injective's DeFi protocol suite while earning yields by holding the asset.wUSDL is the wrapped version of USDL on Ethereum, which is pegged to the US dollar at a 1:1 ratio.

ChainCatcher news, according to official sources, the UAE subsidiary of stablecoin issuer Paxos, Paxos International, announced today that the yield-bearing stablecoin Lift Dollar (USDL) is now live on Arbitrum.It is reported that USDL is a fiat-backed token issued by Paxos International, regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

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).