Paxos Launches Yield-generating Stablecoin Lift Dollar (USDL)

BlockBeats news, on June 6, according to Coindesk, Paxos launched a yield-based, dollar-denominated stablecoin called Lift Dollar (USDL), which is regulated by the United Arab Emirates (UAE). The stablecoin is issued by the company's UAE branch Paxos International and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).