Paxos income stablecoin USDL launches Arbitra

Paxos International, the UAE subsidiary of stablecoin issuer Paxos, has announced the launch of the income-based stablecoin Lift Dollar (USDL) at Arbitrum. USDL is a US dollar-backed stablecoin issued by Paxos International and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Markets (ADGM).