According to Foresight News, Paxos has launched a stablecoin called Wrapped Lift Dollar (wUSDL) in the Injective ecosystem. Users can use this new stablecoin in Injective's DeFi protocol suite and earn income by holding this asset.

wUSDL is a packaged version of USDL on Ethereum, which is pegged to the US dollar at a 1:1 ratio.