Paxos Launches Income Stablecoin USDL
Paxos has launched an income-generating, US dollar-denominated stablecoin called LiftDollar (USDL), which is regulated by the United Arab Emirates (UAE). The stablecoin is issued by Paxos International, the company's UAE division, and is regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
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