Stablecoin information
Lift Dollar (USDL) is a US dollar-backed stablecoin with regulatory oversight that distributes yield from its cash and cash equivalent reserves to its holders every day.
Category:fiat-backed
Minting and Redemption
Institutions mint USDL by wiring USD or sending USDC, which Paxos converts and delivers to an Ethereum address; to redeem, they send USDL to Paxos for a USD wire transfer
Audits:No
Stablecoin usage by chain
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