Paxos International has launched Lift Dollar (USDL), a regulated yield-bearing stablecoin, on the Arbitrum network. This expansion enables users to access safe daily yield while benefiting from fast, low-cost transactions across gaming, social, and DeFi ecosystems.
Key Features of USDL
- Daily Yield Distribution: Holders earn yield from cash equivalents and US Treasuries, automatically reflected in their wallets.
- 1:1 USD Peg: Each USDL is backed 1:1 by high-quality reserves, including short-term US Treasury securities.
- Regulated Issuance: Issued by Paxos International, regulated by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA).
👉 Discover how USDL transforms DeFi on Arbitrum
Why Arbitrum?
USDL’s integration with Arbitrum combines Ethereum’s security with:
- Lower transaction fees
- Faster settlements
- Scalability for DeFi, gaming, and social apps
Ronak Daya, Head of Product at Paxos, emphasized:
"USDL democratizes access to stable yield while leveraging Arbitrum’s efficiency. This opens new opportunities for developers and users."
Reserve Assurance
USDL’s reserves are held in segregated accounts under FSRA oversight, ensuring:
- Transparency
- Liquidity
- Prudential compliance
FAQs
1. How does USDL distribute yield?
Yield is generated from US Treasuries and cash equivalents, distributed daily to holders’ wallets.
2. Is USDL available globally?
USDL is not available in the US, UAE (outside ADGM), UK, EU, Canada, Hong Kong, Japan, or Singapore.
3. What makes USDL unique?
As a regulated stablecoin, USDL offers:
- Daily yield without staking
- Instant redemptions
- Ethereum-level security via Arbitrum
👉 Explore USDL’s Arbitrum integration
About Paxos
Paxos is a regulated blockchain infrastructure leader, powering tokenized assets for enterprises like PayPal, Mastercard, and Mercado Libre. Its affiliates issue PYUSD, USDP, PAXG, and USDL, backed by oversight from NYDFS, MAS, and FSRA.