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
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 9m | |||||
| 0 | 0 |