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USDL, or Lift Dollar, is a yield-bearing, fiat-pegged stablecoin issued by Paxos International and regulated under the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. Fully backed 1:1 with high-quality liquid assets like US Treasuries, cash, and equivalents, USDL earns holders a daily yield without requiring staking, claiming, or lockups. Instead, it uses a rebasing mechanism to automatically increase user balances each day based on reserve returns. USDL is available to qualified users on Ethereum and Arbitrum, with plans for broader DeFi integration. As a regulatory-first stablecoin, USDL emphasizes transparency, publishing monthly audits of reserves and yield sources. It’s also fully redeemable for US dollars, ensuring price stability even during market volatility. Unlike algorithmic or crypto-collateralized stablecoins, USDL’s value and yield are directly tied to traditional financial instruments, offering institutions and DeFi users alike a safe, regulated way to earn passive income in crypto.
Lift Dollar (USDL) is a regulated, yield-bearing stablecoin issued by Paxos International and pegged 1:1 to the US dollar, designed to offer automatic daily yield via a rebasing mechanism.
USDL uses a rebasing mechanism that increases wallet balances daily, reflecting yield earned from its fully-backed reserves like US Treasuries and cash equivalents. No staking is required.
Yes, USDL is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market, with monthly audits and full transparency on reserve holdings.
USDL is live on Ethereum and Arbitrum as an ERC-20 token, supporting both DeFi and low-fee use cases like gaming and payments.
Eligible users can mint USDL by depositing USD or approved stablecoins and redeem 1 USDL for 1 USD at any time through Paxos’ regulated channels.
USDL is most actively traded on Curve Finance (Ethereum), with additional liquidity on Uniswap and Arbitrum-based DEXs.
USDL is available only to Professional Clients as defined by FSRA regulations. It is not offered in restricted jurisdictions like the US.
You can store USDL using Bitcoin.com Wallet, MetaMask, Coinbase Wallet, Trust Wallet, and hardware wallets like Ledger and Trezor.
The yield is distributed daily through rebasing and is currently around 3.7% APY, based on returns from the underlying reserve assets.
Yes, USDL can be used in swaps, lending, and other DeFi strategies on Ethereum and Arbitrum where supported.
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