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

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