The Paxos company revived this month - it introduced the USDL stablecoin, which yields 5% per annum, and at the same time fired 20% of its employees.

As a reminder,#Paxosis the issuer of PayPal USD (#PYUSD), Pax Dollar (#USDP) and Pax Gold (#PAXG). And in the past, before the regulators attacked #Binance, there were issuers of the deceased #BUSD.

Now Paxos has introduced a new stablecoin, Lift Dollar, pegged to $, providing users with a 5% return. USDL is issued in the UAE and is regulated by the Abu Dhabi FSRA.#USDLwill not be available to users in the US.

Lift Dollar is announced as the first stablecoin that brings daily income to its holders. For victims of the collapse of algorithmic stablecoins, which lured users with passive income, this sounds ominous. But the fact that the launch was carried out by #Paxos, and the Gulf countries are dealing with regulatory issues, adds credibility to the project.

True,#Bloombergrecently reported that Paxos fired 20% of its employees. Which makes you worry about the future of the company. The company's CEO Charles Cascarilla said that the layoffs "allow us to best realize the enormous opportunity that is opening up in the field of tokenization and stablecoins."