Paxos launches the yield stablecoin wUSDL in the Injective ecosystem

2024-10-16 23:42:58

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ChainCatcher news, Paxos has launched the yield-bearing stablecoin Wrapped Lift Dollar (wUSDL) in the Injective ecosystem. Users can utilize this new stablecoin within Injective's DeFi protocol suite while earning yields by holding the asset.

wUSDL is the wrapped version of USDL on Ethereum, which is pegged to the US dollar at a 1:1 ratio.

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Paxos Injective wUSDL

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Paxos

Regulated blockchain infrastructure

Injective

Layer 1 blockchain optimized for DeFi applications