1d ago
Heads-Up: USDL Wind-Down Update from @Paxos
Paxos has announced its decision to wind down USDL, with rebasing rewards ending on December 6th.
The stablecoin landscape has evolved rapidly, with institutions today demanding regulated, scalable solutions that operate seamlessly across the US, EU, and other global markets under clear stablecoin frameworks.
USDL proved how streaming yield to institutions at scale could work, those learnings now live on in USDG, powering rewards for 80+ GDN partners.
For users, redemptions remain fully supported via Paxos Dashboard(USD and USDC), or LPs can exit via DeFi liquidity on :
USDL’s primary on-chain liquidity now resides in the USDG/USDL @CurveFinance pool.
USDG/USDL pool:
USDC/USDG pool:
Recommended exit path: csUSDL → wUSDL → USDL → USDG → USDC
Important: Please unwind your position before December 6th. Post that date, redemption facilitation will be subject to Paxos’ policies.
Coinshift and Paxos will continue to support LPs throughout the unwind process.
Coinshift as a company remains fully operational and is actively developing its new regulated RWA product, which is built for this next chapter of on-chain finance.
🚨Alpha Alert: The next chapter of RWAs is coming, and ████ is built exactly for this new era👀
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