Paxos partners with Velo Labs to integrate its income-generating stablecoin USDL as collateral and a settlement asset
2025-05-20 04:55:27
Paxos International has announced a partnership with Web3 financial infrastructure Velo Labs to integrate its regulated revenue-based stablecoin, Lift Dollar (USDL), which will be used as reserve collateral and settlement asset within Velo Labs' USDV stablecoin framework. Launched by Paxos last year, USDL is regulated and denominated in US dollars by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
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