1/🧵. Paxos has launched Lift Dollar (USDL), a yield-generating stablecoin regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
@anderssinho
#cent #inleo #leofinance #threadstorm #outreach
1/🧵. Paxos has launched Lift Dollar (USDL), a yield-generating stablecoin regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
@anderssinho
#cent #inleo #leofinance #threadstorm #outreach
2/🧵. Unlike traditional stablecoins like Tether or USD Coin, USDL offers a daily yield of about 5%, similar to returns on U.S. Treasury bonds. This transforms it from merely a store of value to a tool for generating passive income.
3/🧵. The goal is to democratize access to risk-free rates. With a focus on nations with volatile currencies or limited banking access, USDL aims to be a savings-oriented product appealing to a wider audience.
https://inleo.io/@freespirited/paxos-lift-dollar-is-a-new-dawn-for-stablecoins-6t