Regulation
Cryptocurrency trading firm Paxos introduces USDL yield stablecoin
“We added programmatic daily return so that it looks a little more like a savings product than a checking account, which is maybe the way to think about traditional stablecoins,” Cascarilla said in an interview. “[USDL] is taking it one step further from democratizing access to dollars, to also democratizing the risk-free rate, in the safest way possible.”