Loading...
Market
What will be the primary use case for USDL by end of 2024?
5
Resolution / Starting Odds
Remittances • 25%
DeFi lending • 25%
Retail payments • 25%
Institutional trading • 25%
Market analysis reports and usage data from Paxos International
Story
Paxos International Launches Yield-Bearing Lift Dollar (USDL) with 5% Yield, Regulated out of UAE
Jun 5, 2024, 04:38 PM
New York-based blockchain infrastructure firm Paxos International has launched a new yield-bearing stablecoin called Lift Dollar (USDL). The stablecoin offers holders a yield of roughly 5% per year and is regulated out of the UAE. This innovative product aims to democratize access to US dollars and safe yield generated from cash and cash equivalent assets. The collaboration between Paxos and Hashnote Labs integrates PayPal’s PYUSD stablecoin with Hashnote’s yield-bearing USYC token to enhance liquidity and yield generation in the crypto market. Lift Dollar is the first stablecoin to offer holders daily yield in their wallets under regulatory oversight.
View original story
Similar markets
Less than $50 million • 25%
$50 million to $100 million • 25%
$100 million to $200 million • 25%
More than $200 million • 25%
Cross-border payments • 33%
Retail transactions • 33%
Speculative trading • 33%
Yes • 50%
No • 50%
Brazil • 33%
Mexico • 33%
Both Brazil and Mexico • 34%
Below 4.5% • 25%
4.5% to 5.0% • 25%
5.0% to 5.5% • 25%
Above 5.5% • 25%
Banking • 25%
Real Estate • 25%
Fintech Startups • 25%
Other • 25%
Increase in other stablecoins volume • 33%
Decrease in other stablecoins volume • 33%
No significant change • 34%
Retail • 33%
Finance • 33%
Technology • 33%