Paxos International Launches Yield-Bearing Stablecoin On Arbitrum

According to Odaily, Paxos International, the UAE subsidiary of Paxos, has announced the launch of a yield-bearing stablecoin, Lift Dollar (USDL), on the Arbitrum network. The introduction of USDL on Arbitrum aims to facilitate cost-effective and rapid transactions within the robust gaming, social, and DeFi ecosystems.