clUSDL stablecoin TVL exceeds $100 million

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PANews
05-17
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According to PANews on May 17th, data from defillama shows that Coinshift's yield-bearing stablecoin clUSDL has surpassed $100 million in total locked value (TVL) just four months after its launch in January this year, reflecting the growing market demand for fiat-pegged assets generating passive income through DeFi protocols. clUSDL is built on Ethereum, earning yields through on-chain lending and US Treasury exposure, and is constructed on USDL, a stablecoin issued by Paxos International and regulated by Abu Dhabi.

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