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

Paxos International, a subsidiary of Paxos based in the UAE, has announced the launch of a yield-bearing stablecoin called 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 available to eligible consumers in global markets. Paxos International will collaborate with global exchanges, wallets, and platforms to distribute USDL to individuals and institutions.