Data: clUSDL stablecoin TVL exceeds $100 million

Odaily News Data from DeFiLlama shows that Coinshift's yield-generating stablecoin clUSDL has surpassed $100 million in total locked value (TVL) just four months after its launch in January, indicating a growing demand for fiat-pegged assets that provide passive income through decentralized financial protocols. clUSDL is built on Ethereum, earning yield through both on-chain lending and U.S. Treasury exposure and is built on USDL, a stablecoin issued by Paxos International and regulated by Abu Dhabi. (The Block)