Paxos International has launched Lift dollar (USDL), a yield-bearing stablecoin, with Argentina as its first market. USDL provides “really the risk-free” return, Paxos’ Charles “Chad” Cascarilla told The Block in an interview. theblock.co/post/298706/pa…

Nueva stablecoin que funciona como "cuenta remunerada" llega al mercado crypto forbesargentina.com/negocios/nueva…

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All stablecoins will inevitably become yield-bearing, very cool to see Paxos move in this direction with $USDL The reserve assets backing $USDT $USDC $USDP today generate ~5% APY (T-bills, repos) but holders get zero, while the issuers keep 100% of the yield That’s why Tether

PayPal USD is live on Solana! Hear from Edwin Aoki and Ronak Daya at Consensus 2024 on why they chose Solana to issue PYUSD at scale, along with @sherazshere.

The current stablecoin model is broken, with adoption primarily benefiting issuers. Read on about why USDL exists to change that: bit.ly/3yNO0M1

Love my new Generative 🧢 from Highlight! Thanks to Nat Emodi via GrailersDAO 🏆

In recent industry news, Paxos International introduced Lift Dollar (USDL), the first yield-bearing stablecoin with regulatory oversight in Abu Dhabi.

ICYMI: USDL is now available on Ripio, one of Latin America’s largest crypto platforms 🎉 More details on this exciting partnership in the thread below 👇

🗓️Tune in on Wednesday!

“Paxos prevails in SEC investigation of BUSD stablecoin” 👏 On Tuesday, we received a formal termination notice from the SEC stating that it will not recommend enforcement action against Paxos Trust Company in the investigation of Binance USD (BUSD). View the letter and our

Timeline cleanse 🧘🏽‍♂️ Spotting some 🐋 off of Cape Cod a couple of weeks ago ☀️ 🏝️

It's obvious but worth saying it out every now and then! We are so early....

Great read from Christian Catalini and Jane Wu on the rise of Stablecoins & Paxos’ unique strategy. They rightly call that winners in this space will lead in accelerating adoption and delivering lower-cost, faster money movement for all. Exactly what we are focused on. Come join us!

PayPal 🤝 Solana We love to see the recent growth of PYUSD on Solana!

Have always admired Kevin Yien’s thoughtful approach to building delightful products, so it’s awesome to see him share his wisdom via the Lenny Rachitsky pod! Pour a ☕️ or better yet, grab an 🍦 and have a listen 🎧

First of many 📈🙌🏽

Over the weekend, PayPal USD (PYUSD) hit $1 billion in market cap just 383 days after launch. PayPal USD reached this milestone nearly 2x faster than USDC and 3x faster than USDT.

The PayPal USD stablecoin is part of PayPal's mission to revolutionize commerce globally. This weekend, we reached a major milestone: over $1 billion in market capitalization! This is just the beginning, and we’re excited to keep growing for the future.

Excited to be representing Paxos to deliver the Keynote at Ripio Modular in São Paulo on September 12th! Come hear me discuss “Stablecoins and the future of money” at 14:00 on the main stage.