Paxos Launches Profitable Stablecoin USDL Reserves Automatically Distributed to Wallets Daily

Paxos International, a subsidiary of Paxos based in the UAE, has announced the launch of a profitable stablecoin – Lift Dollar (USDL). USDL, issued by Paxos International, a regulated entity under the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), 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.