Odaily Planet Daily News Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos stablecoins issued outside the United States. Paxos issued Lift Dollar (USDL) in Abu Dhabi (market value of 54 million USD) and Global Dollar (USDG) in Singapore (market value of 29 million USD). In addition, Paxos has also issued onshore stablecoins such as Paypal USD (PYUSD), but this stablecoin is not part of the aforementioned arrangements.