Lift Dollar (USDL)

Lift Dollar (USDL) is a US dollar-backed stablecoin issued by Paxos International under regulatory oversight by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM). It is designed to provide holders with a stable digital dollar token that also distributes yield daily, derived exclusively from cash and cash equivalent assets such as US Treasuries. This yield distribution model differentiates USDL from many other stablecoins that do not offer yield or rely on riskier collateral. The stablecoin maintains a 1:1 peg with the US dollar and is redeemable at par through Paxos International, which holds reserves in segregated accounts to ensure liquidity and safety.

USDL targets professional clients eligible under FSRA rules, offering them direct access to US dollars and yield from secure, regulated cash equivalent assets outside the US. The stablecoin’s reserves and yield generation are transparently audited and published monthly, providing users with clear visibility into the backing assets and performance. This transparency, combined with regulatory compliance, aims to set a new standard for stablecoins by prioritizing safety, liquidity, and yield generation from low-risk assets.

Developers and businesses can integrate USDL into their platforms to enable users to hold a stable digital dollar that accrues yield daily. The token is available on Ethereum and Arbitrum networks, with smart contracts open-sourced on GitHub. Paxos provides comprehensive documentation and resources, including a white paper, testnet faucet, and wrapped USDL functionality. Getting started typically involves contacting sales for eligibility verification and onboarding, especially for business clients. USDL’s model suits financial institutions, DeFi projects, and enterprises seeking a regulated, yield-bearing stablecoin alternative.