CandleFocus Paxos expands yield-bearing stablecoin USDL to Arbitrum
2024-10-09
Author: Content Editor
Paxos International has launched its yield-bearing stablecoin, Lift Dollar (USDL), on the Ethereum layer-2 network, Arbitrum. The move expands the availability of USDL, a stablecoin pegged to the US dollar that offers yield from its reserves, to developers on the Arbitrum network. This provides them with another asset to build and deploy applications that drive growth in decentralized finance (DeFi), gaming, and social ecosystems. Paxos, a major player in the stablecoin market, plans to integrate its regulated assets onto the Arbitrum platform to facilitate institutional integration.
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