Lift Dollar

Lift Dollar is a USD stablecoin that transmits yields from investing its collateral in government money market securities. USDL provides yield through a rebasing mechanism that occurs every day. Over time, qualified token holders will see their balances increase as a result of rebasing.

Lift Dollar is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and backed one-for-one by cash and cash equivalents by Paxos Issuance MENA Ltd (Paxos International)

Paxos invests it reserves in the following:

• Segregated bank accounts held for the benefit of USDL holders,
• US Treasury Bills or government and international agency securities with a minimum credit rating of "AA-" and three months or less to maturity,
• Reverse repurchase agreements that are overcollateralized by US Government securities,
• Institutional Stable NAV USD Government Money Market Funds domiciled in non-US jurisdictions and public money market funds (MMFs)
  

Users seeking to mint or redeem USDL from Paxos International are required to have their account verified on Paxos Platform (Know-Your-Customer (KYC) and Anti-Money Laundering (AML)).

A USDL holder who is not verified must complete the Paxos International onboarding process to redeem USDL for U.S. dollars.

There are no fees incured for issuing or redeeming USD on Paxos platform.