Paxos International Launches Lift Dollar In Argentina

According to Odaily, Paxos International, the UAE division of Paxos, has announced the sale of Lift Dollar (USDL) to Argentine users. The distribution is being carried out in partnership with Ripio, Buenbit, Manteca, and Plus Crypto. Previously, Paxos International had announced the launch of Lift Dollar (USDL), reportedly the first regulated stablecoin that offers daily returns to its holders. The stablecoin is expected to provide users with an average programmed interest rate of about 5% per day, consistent with the yield of US Treasury bonds. The USDL is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and is priced in US dollars.