HOW IT WORKS
Earning yield with USDL is easy
Lift Dollar (USDL) is a first-of-its-kind stablecoin that pays you yield on your dollars. Earn every day, right in your wallet. Because your money should work for you.
APY: 5.0%*
*This is the latest rate set by Paxos International in the USDL smart contract as of 06-05-2024 and is subject to change.
What is a stablecoin?
A stablecoin is a token issued on a blockchain that is designed to maintain a stable value, usually that of a fiat currency like the
US dollar. USDL is a stablecoin that provides regulated access to US dollars. 1 USDL is always worth 1 US dollar.
What is a yield-bearing stablecoin?
Stablecoins are backed by reserve assets, which usually generate yield. A yield-bearing stablecoin distributes a portion of this yield to those that hold it on-chain. USDL is a yield-bearing stablecoin that safely distributes yield generated by its cash and cash equivalent reserve assets.
How does earning yield with USDL work?
Buy USDL
Eligible individuals can access USDL from a number of exchanges and financial applications. Businesses can acquire USDL from Paxos International by setting up an institutional account.
USDL balance grows every day
Your USDL balance grows automatically using a unique method called rebasing. This process adjusts your balance daily to reflect the yield you earned without you needing to take any action. To learn more about rebasing, read the white paper.
Use USDL like any other stablecoin
You can use USDL just like other stablecoins. Whether you’re saving, spending, or trading you can do it all while earning yield.
Redeem easily. 1 USDL = 1 US Dollar.
Redeem your USDL balance for US dollars at an exchange or fintech platform that lists USDL. Anyone can redeem USDL at a 1:1 ratio for US dollars from Paxos International by creating an institutional account.
