Paxos Launches Profitable Stablecoin USDL Reserve Earnings Automatically Distributed to Wallets Daily

Paxos International, a subsidiary of Paxos based in the UAE, has announced the launch of a yield-bearing stablecoin – Lift Dollar (USDL). USDL is issued by Paxos International, a regulated entity under the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), and will be made available to eligible consumers in global markets. Paxos International will collaborate with global exchanges, wallets, and platforms to distribute USDL to individuals and institutions.