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Thursday, June 6, 2024
HomeCryptoPaxos launches profitable stablecoin USDL

Paxos launches profitable stablecoin USDL

The Ethereum smart contract will use a rebasing mechanism to automatically distribute profits on USDL based on market conditions, with expected yields up to approximately 5%. Paxos International confirms that USDL is the first regulated, interest-bearing stablecoin.

In short, stablecoin holders can also profit through staking, re-staking, and yield farming.

Source: Paxos
Source: Paxos

USDL will not be offered to residents of the United States, United Arab Emirates other than ADGM, the United Kingdom, the European Union, Canada, Hong Kong, Japan or Singapore. Paxos International explains:

“The digital assets referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, except as applicable current registration.”

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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