Lift Dollar

A regulated, US dollar-backed stablecoin that distributes yield from its cash and cash equivalent reserves to eligible wallets holding it every day. USDL is issued by Paxos International, an affiliate company of Paxos, that is regulated in the Abu Dhabi Global Market (ADGM) by the Financial Services Regulatory Authority (FSRA). Token reserves are held in US dollar deposits, US Treasuries and other cash equivalents. USDL is issued on the Ethereum blockchain and uses an Ethereum smart contract to programmatically distribute yield generated from its reserves to eligible wallet addresses. USDL is always redeemable 1:1 for US dollars from Paxos International. USDL is not available to customers in the US and other specific countries.