USDL is not available to residents of the US and certain other countries. Please refer to the Terms and Conditions here for more information.
USDL is not available to customers in the US, UAE (out of ADGM) and other specific countries. Learn more here.

The safest way to earn yield on-chain

Lift Dollar (USDL) is a US dollar-backed stablecoin with regulatory oversight that distributes yield from its cash and cash equivalent reserves to its holders every day.

APY: 5.0%*

Learn more about USDL for
*This is the rate set by Paxos International in the USDL smart contract as of 06-05-2024 and is subject to change.

Setting a new standard
in stablecoins

USDL gives eligible users direct access to both US dollars and yield from cash equivalent assets from outside the US. 1 USDL is always worth 1 US dollar.
Earn yield only from US Treasuries and other cash equivalent assets when you hold USDL.



These short-term, highly liquid assets are held in segregated accounts under the safe protection, custody requirements and prudential oversight by the Financial Services Regulatory Authority of the ADGM.
Your USDL balance increases every day right in your wallet. Benefit from yield that is deposited and compounds daily.

 Save, spend and trade with USDL – all while earning yield.

How USDL compares

Distributes Yield
Yield only from cash equivalent assets
On-chain and designed to equal 1 US dollar

Available 24/7

Yield distributed daily
Issued by a regulated entity safely custodying client assets
USDT & USDC
Typical savings account
Safely earn

A safe way to earn yield

USDL’s yield only comes from US Treasuries and other cash equivalent assets. These highly secure assets are held in accordance with the stringent standards of USDL’s regulator to ensure safety and the necessary liquidity for redemptions.
For individuals
Learn more about USDL and how it helps you earn every day.
For businesses
Learn more about USDL and how it helps your business earn every day.
REGULATION

Your dollars are safe by design

REGULATED
Financial regulator oversight.
USDL is issued by Paxos International which is regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) ensuring the highest standards of customer protection.
TRANSPARENT
Transparent reserve management.
USDL reserves are held in cash and cash equivalents. Audited reports of USDL reserve composition and yield generation are published monthly here.
SECURE
1 USDL = 1 USD. Always.
USDL can always be redeemed from Paxos International at a rate of 1 USDL = 1 US dollar. USDL’s cash reserves are held in segregated accounts for the benefit of its holders.

FAQ

A US dollar-backed stablecoin that distributes yield from its cash and cash equivalent reserves to eligible wallets holding it every day.
Yes. Lift Dollar (USDL) is an ERC-20 token issued on the Ethereum blockchain that can always be redeemed at a rate of 1 USDL = 1 US dollar from Paxos International.
USDL distributes yield generated from its cash and cash equivalent reserves to all eligible holders.
US dollars backing USDL are invested by Paxos International in cash equivalent assets that generate yield. Learn more about USDL’s reserve composition here.
An Ethereum smart contract built by Paxos International proportionally increases the value of USDL in eligible wallets holding it every day. Holders of USDL see their USDL balance increase daily and do not need to take any action. Learn more about how USDL’s smart contract works here.
The Annual Percentage Yield (APY) rate is equal to the rate of return on USDL’s cash and cash equivalent reserve assets, less fees charged by Paxos International. Paxos International currently charges a fee equal to 0.2% (20bps) of yield generated on reserve assets. See an example APY calculation here. Platforms that provide access to USDL may charge additional fees that affect the APY you earn on their platform.
Individuals and businesses not based in the US and the other restricted jurisdictions listed here.