Paxos' newly launched stablecoin USDL is now available to Argentine users

Odaily News According to official news, Paxos International, the UAE branch of Paxos, announced that Lift Dollar (USDL) is now available to Argentine users through distribution partners Ripio, Buenbit, Manteca and Plus Crypto. Earlier, Paxos International announced the launch of Lift Dollar (USDL), which is reportedly the first regulated stablecoin that can provide daily returns to holders. It will provide users with a daily average programmatic interest rate of about 5%, which is consistent with the yield of US Treasury bonds. USDL is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and denominated in US dollars.