According to Odaily, Paxos International has announced the launch of Lift Dollar (USDL), reportedly the first regulated stablecoin that offers daily returns to its holders.
The introduction of this stablecoin marks a significant development in the digital currency market. It is expected to provide a secure and profitable investment option for crypto enthusiasts.
The unique feature of Lift Dollar (USDL) is its ability to provide daily returns to its holders, a feature not commonly found in other stablecoins. This could potentially attract more investors to the crypto market, thereby increasing the overall market capitalization.
However, the details about the rate of return and the regulatory body overseeing the operations of Lift Dollar (USDL) have not been disclosed yet. Further information is awaited from Paxos International.
