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, the DeFi protocol Gyroscope announced on Thursday that it has launched a new yield version of its stablecoin.The team stated, "Savings GYD (or sGYD) aims to pay token holders an annual yield of 12%-15%, depending on market conditions. The income comes from the assets backing the tokens, which are stored in isolated vaults of various DeFi investment strategies." The team added that the protocol "may be able to generate" additional income from the fees of high-yield liquidity pools launched earlier this year.Gyroscope hopes to attract DAOs to allocate some of their funds to sGYD for yield generation. The launch of the stablecoin coincides with the start of the next phase of the protocol's points earning program, SPIN. During the "second quarter," users will be able to choose to earn native yields using benchmark points or forgo yields to increase rewards. Gyroscope promotes its dollar-pegged token as an "all-weather" stablecoin designed to protect investors from stablecoin failures. It supports its value by deploying multiple stablecoins in certain strategies, such as sDAI and USDC that generate yields in Flux, as well as AMM strategies like LUSD and crvUSD.

ChainCatcher news, according to official sources, the yield-bearing stablecoin issuer Mountain Protocol has become a financial management partner of the Arbitrum STEP program. After the related proposal receives broader community approval, USDM will become one of the reserve assets of the DAO treasury.According to RootData, the yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors.

ChainCatcher news, yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors. Mountain Protocol is the issuer of USDM, a yield stablecoin "fully backed by U.S. Treasury securities."According to the Web3 asset data platform RootData, Mountain Protocol allows approved users to purchase and exchange USDM at a fixed value of $1. It enables users to collect digital asset wallet addresses and wire transfer details to fund their accounts.

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).