Lift Dollar (USDL) is a regulated, US dollar-backed stablecoin issued by Paxos International on the Ethereum blockchain. More
| Fully Diluted Valuation | $50.94M |
|---|---|
| 24H Trading Volume | $66,834 |
| 24H Low / High | $0.99 / $ 1.01 |
| Circulating Supply | 51.01M |
| Total Supply | 51.01M |
| Max Supply | ∞ |
| Categories | Fiat-backed Stablecoin 3 more |
|---|---|
| Founder | Anonymous |
| Website | liftdollar.com Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arbiscan 3 more |
| Contracts |
0xbdc....adbcd
1 more
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| Name | Pair | OG Score |
|---|
Lift Dollar (USDL) is a stablecoin backed by US dollars. It’s issued by Paxos International, which is regulated in Abu Dhabi by the Financial Services Regulatory Authority (FSRA). The token is always redeemable 1:1 for US dollars, offering users confidence in its value.
How Does USDL Generate Yield?
USDL’s reserves are held in US dollar deposits, US Treasuries, and other cash equivalents. The unique feature of USDL is that it distributes yield generated from these reserves. Every day, wallets holding USDL that meet the eligibility requirements receive a share of the yield.
Blockchain Technology
USDL operates on the Ethereum blockchain. This allows it to use smart contracts, which automatically manage and distribute the yield to eligible wallets.
Who Can Use USDL?
While USDL offers daily yield distribution, it's not available to users in the US and other restricted countries. However, eligible non-US wallets can benefit from the stablecoin’s features.
Security and Regulation
USDL’s backing and daily yield distribution are transparent and secure, thanks to strict regulation and oversight by the FSRA. Paxos International ensures that the token remains stable and redeemable at any time.
Lift Dollar (USDL) is a regulated stablecoin backed by US dollars, distributing daily yield from its reserves to eligible wallets through smart contracts on the Ethereum blockchain, making it a unique option for earning passive income from stablecoin holdings.
USDL is issued by Paxos International, an affiliate of Paxos, a regulated financial institution known for creating secure and transparent digital assets.
While specific investors in USDL are not disclosed, Paxos, the parent company, has received backing from prominent firms like PayPal, Oak HC/FT, and Mithril Capital.
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