Paxos Launches Yield Stablecoin USDL
2024-06-05 16:36:17
Paxos has launched an earnings-based, dollar-denominated stablecoin called LiftDollar (USDL), which is regulated in the United Arab Emirates (UAE). The stablecoin is issued by Paxos International, the company's UAE division, and is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Markets (ADGM).
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