Paxos launches wUSDL, a yield-generating stablecoin in the Injective ecosystem

Injective announced on the X platform that Paxos has launched a stablecoin with yield, Wrapped Lift Dollar (wUSDL), in the Injective ecosystem. Users can use this new stablecoin in Injective's DeFi protocol suite and earn income by holding this asset. wUSDL is a wrapped version of USDL on Ethereum, which is pegged to the US dollar at a 1:1 ratio.