Paxos Launches Lift Dollar (USDL)

June 5, 2024 Tóth Balázs

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Paxos International, operating in the United Arab Emirates, has announced its new yield-generating stablecoin, the Lift Dollar (USDL), with Argentina as its initial market. Theoretically, USDL promises a risk-free yield of approximately 5%, paid daily to users. The asset, which runs on Ethereum, is backed by US dollar deposits and short-term US Treasury bills.

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Paxos Launches Lift Dollar (USDL)

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