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Paxos’s Yield-Based Stablecoin USDL Launches on Arbitrum

CointimeCointime2024/10/09 13:30
By:Cointime

Paxos International, a stablecoin issuer, announced that its United Arab Emirates subsidiary, Paxos International, has launched the income-based stablecoin Lift Dollar (USDL) on Arbitrum. USDL is a US dollar-backed stablecoin issued by Paxos International and regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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