Paxos’s Yield-Based Stablecoin USDL Launches on Arbitrum

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).