Paxos: Yield-bearing stablecoin USDL has been launched on Arbitrum

ChainCatcher news, according to official sources, the UAE subsidiary of stablecoin issuer Paxos, Paxos International, announced today that the yield-bearing stablecoin Lift Dollar (USDL) is now live on Arbitrum.

It is reported that USDL is a fiat-backed token issued by Paxos International, regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).