Paxos collaborates with Velo Labs to integrate its yield-generating stablecoin USDL as collateral and settlement asset.
Golden Finance reports that Paxos International has announced a collaboration with Web3 financial infrastructure Velo Labs to integrate its regulated yield-bearing stablecoin Lift Dollar (USDL). USDL will serve as reserve collateral and settlement asset within Velo Labs' USDV stablecoin framework. USDL was launched last year by Paxos and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and is valued in USD.
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