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NEW : Paxos International Introduces Lift Dollar (#USDL ), the First Stablecoin to Offer Holders Daily In-Wallet Returns % Under Regulatory Oversight.
NEW : Paxos International Introduces Lift Dollar (#USDL ), the First Stablecoin to Offer Holders Daily In-Wallet Returns % Under Regulatory Oversight.
Paxos International has launched a yield-bearing stablecoin called Lift Dollar (USDL). USDL will be available to consumers in eligible global markets.
The unique feature of USDL is that it allows holders to earn overnight yield from high-quality US government securities and cash reserve assets, held under the safe custody requirements of the Financial Services Regulatory Authority (FSRA).
#Paxos #PaxosGlobal #USDL #StartInvestingInCrypto #ETHETFsApproved
The unique feature of USDL is that it allows holders to earn overnight yield from high-quality US government securities and cash reserve assets, held under the safe custody requirements of the Financial Services Regulatory Authority (FSRA).
#Paxos #PaxosGlobal #USDL #StartInvestingInCrypto #ETHETFsApproved
đš Paxos International Launches Lift Dollar (USDL), the First Stablecoin Offering Daily Yield Under Regulatory Oversight
Paxos International has introduced Lift Dollar (USDL), the world's first stablecoin that provides daily yield to its holders under regulatory supervision. This innovative product aims to offer stable returns while ensuring compliance and security for investors.
#Paxos #LiftDollar #USDL #stablecoin
Paxos International has introduced Lift Dollar (USDL), the world's first stablecoin that provides daily yield to its holders under regulatory supervision. This innovative product aims to offer stable returns while ensuring compliance and security for investors.
#Paxos #LiftDollar #USDL #stablecoin
Paxos launches USDL, a stablecoin pegged to USD with ~5% annual yield. Backed by US government securities, it aims to offer stablecoin holdings with returns. Debuting in Argentina via crypto platforms, it follows Paxos Trust's regulatory halt on BUSD.
#BUSD #USDL #Paxos #Crypto #writetoearn
#BUSD #USDL #Paxos #Crypto #writetoearn
Game-changing move from Paxos for the stablecoin market.
Paxos announced in a statement that they have issued a new stablecoin called Lift Dollar (USDL) held in the United Arab Emirates (UAE).
The stablecoin, which will have a yield feature, will be issued by the company's UAE-based subsidiary, Paxos International. The crypto asset is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
Tether and Circle, the largest companies in the stablecoin market, have begun to generate significant income from the treasury bills they hold as collateral in recent years. This approach paved the way for the development of yield-sharing stablecoins.
Stating that Lift Dollar (USDL) is structured in the same way as Paxos' other stablecoins, Charles Cascarilla, the company's CEO, assured that its assets are pegged to the dollar at a one-to-one ratio and are supported by short-term treasury papers. Cascarilla also stated that the assets are regularly inspected to avoid the risk of possible bankruptcy.
Cascarilla also said that with USDL, they went one step further in making the dollar accessible to everyone and democratized the possibility of risk-free returns. However, Paxos' new asset USDL will not be able to be traded in the USA due to lack of regulation.
In the press release regarding the #USDL launch, the company stated that they will focus specifically on Argentina and that they are cooperating with 3 intermediary companies, Ripio, Buenbit and TiendaCrypto, in the distribution of the crypto asset.
$BTC
Paxos announced in a statement that they have issued a new stablecoin called Lift Dollar (USDL) held in the United Arab Emirates (UAE).
The stablecoin, which will have a yield feature, will be issued by the company's UAE-based subsidiary, Paxos International. The crypto asset is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
Tether and Circle, the largest companies in the stablecoin market, have begun to generate significant income from the treasury bills they hold as collateral in recent years. This approach paved the way for the development of yield-sharing stablecoins.
Stating that Lift Dollar (USDL) is structured in the same way as Paxos' other stablecoins, Charles Cascarilla, the company's CEO, assured that its assets are pegged to the dollar at a one-to-one ratio and are supported by short-term treasury papers. Cascarilla also stated that the assets are regularly inspected to avoid the risk of possible bankruptcy.
Cascarilla also said that with USDL, they went one step further in making the dollar accessible to everyone and democratized the possibility of risk-free returns. However, Paxos' new asset USDL will not be able to be traded in the USA due to lack of regulation.
In the press release regarding the #USDL launch, the company stated that they will focus specifically on Argentina and that they are cooperating with 3 intermediary companies, Ripio, Buenbit and TiendaCrypto, in the distribution of the crypto asset.
$BTC
