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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.”