{"id":22086,"date":"2024-06-06T01:30:08","date_gmt":"2024-06-05T22:30:08","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22086"},"modified":"2024-06-06T17:31:02","modified_gmt":"2024-06-06T14:31:02","slug":"paxos-international-launches-yield-generating-stablecoin-usdl","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/paxos-international-launches-yield-generating-stablecoin-usdl\/","title":{"rendered":"Paxos International Launches Yield-Generating Stablecoin Lift Dollar (USDL)"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/paxos-stablecoins-on-solana-blockchain\/\">Paxos<\/a> International has launched its yield-generating stablecoin, Lift Dollar (USDL), and has chosen Argentina as its first market. Paxos&#8217; Charles &#8220;Chad&#8221; Cascarilla noted that USDL offers a &#8220;truly risk-free&#8221; return. Users can currently earn around 5% returns on USDL, said Ronak Daya of Paxos.<\/p>\n<p>United Arab Emirates-based Paxos International has launched Lift Dollar (USDL), a yield-generating stablecoin, and has chosen Argentina as its first market.<\/p>\n<p>\u201cUSDL is issued permission-free on Ethereum and provides returns to token holders programmatically on a daily basis, subject to reserve assets that fully support the total value of USDL in circulation,\u201d Paxos International said in a statement on Wednesday.<\/p>\n<p>USDL is backed one-to-one by the US dollar, contains &#8220;only the highest quality liquid assets&#8221;, including US dollar deposits, short-term US Treasury bills and cash equivalents, and is regulated by the Abu Dhabi Global Market&#8217;s (ADGM) Financial Services Regulatory Authority (FSRA). ) is regulated by Paxos International, he said.<\/p>\n<p>With USDL, users can earn a \u201ctruly risk-free\u201d return, Charles \u201cChad\u201d Cascarilla, a board member of Paxos International and co-founder and CEO of Paxos, said in an interview with The Block. He noted that Paxos International is a &#8220;public entity&#8221; that only issues stablecoins, and said, &#8220;If something happens to Paxos, the assets will not be part of any bankruptcy process. They will be returned to investors immediately.&#8221;<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paxos International has launched its yield-generating stablecoin, Lift Dollar (USDL), and has chosen Argentina as its first market. Paxos&#8217; Charles &#8220;Chad&#8221; Cascarilla noted that USDL offers a &#8220;truly risk-free&#8221; return. Users can currently earn around 5% returns on USDL, said Ronak Daya of Paxos. United Arab Emirates-based Paxos International has launched Lift Dollar (USDL), a<\/p>\n","protected":false},"author":6,"featured_media":22087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[487,6673,6674],"class_list":["post-22086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-paxos","tag-paxos-usdl","tag-paxos-usdl-argentina"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paxos International Launches Yield-Generating Stablecoin USDL<\/title>\n<meta name=\"description\" content=\"Paxos International has launched its yield-generating stablecoin, Lift Dollar (USDL), and has chosen Argentina as its first market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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