The post Paxos Announces Wind-Down of USDL Lift Dollar Stablecoin appeared on BitcoinEthereumNews.com. Joerg Hiller Oct 08, 2025 16:24 Paxos plans to wind down its USDL Lift Dollar stablecoin by December 2025, with a focus on new financial initiatives. The process will be overseen by the FSRA of ADGM. Paxos, a prominent player in regulated blockchain and digital asset solutions, has announced plans to wind down its USDL Lift Dollar stablecoin by December 2025. This decision is part of a strategic shift to focus on initiatives with greater long-term impact on global financial infrastructure, according to Paxos. Key Details of the Wind-Down The minting of new USDL tokens will cease on October 8, 2025. Daily rebasing for yield accrual on outstanding USDL will stop on December 8, 2025. Paxos will facilitate redemptions of USDL to U.S. dollars through its platform until December 8, 2025, contingent upon meeting onboarding requirements. Holders not onboarded with Paxos can convert their holdings via the Curve pool. Any USDL remaining after December 8, 2025, will be converted to USDP, subject to compliance checks. Wallets with balances exceeding $1 will receive equivalent USDP value, while balances below $1 will not be recouped. Paxos will freeze and report funds associated with sanctioned entities to relevant authorities. Proven Track Record in Stablecoin Management Paxos has a history of safely managing stablecoin wind-downs, ensuring token holders can redeem assets for their dollar value under regulatory oversight. This process will be no different, conducted under the supervision of the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). The company emphasizes clear communication, timelines, and continued 1:1 redemptions backed by fully segregated reserves. Open dialogue with users, partners, and regulators will be maintained throughout the transition. Strategic Shift in Focus The stablecoin market has evolved since USDL’s inception, with institutions now seeking… The post Paxos Announces Wind-Down of USDL Lift Dollar Stablecoin appeared on BitcoinEthereumNews.com. Joerg Hiller Oct 08, 2025 16:24 Paxos plans to wind down its USDL Lift Dollar stablecoin by December 2025, with a focus on new financial initiatives. The process will be overseen by the FSRA of ADGM. Paxos, a prominent player in regulated blockchain and digital asset solutions, has announced plans to wind down its USDL Lift Dollar stablecoin by December 2025. This decision is part of a strategic shift to focus on initiatives with greater long-term impact on global financial infrastructure, according to Paxos. Key Details of the Wind-Down The minting of new USDL tokens will cease on October 8, 2025. Daily rebasing for yield accrual on outstanding USDL will stop on December 8, 2025. Paxos will facilitate redemptions of USDL to U.S. dollars through its platform until December 8, 2025, contingent upon meeting onboarding requirements. Holders not onboarded with Paxos can convert their holdings via the Curve pool. Any USDL remaining after December 8, 2025, will be converted to USDP, subject to compliance checks. Wallets with balances exceeding $1 will receive equivalent USDP value, while balances below $1 will not be recouped. Paxos will freeze and report funds associated with sanctioned entities to relevant authorities. Proven Track Record in Stablecoin Management Paxos has a history of safely managing stablecoin wind-downs, ensuring token holders can redeem assets for their dollar value under regulatory oversight. This process will be no different, conducted under the supervision of the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). The company emphasizes clear communication, timelines, and continued 1:1 redemptions backed by fully segregated reserves. Open dialogue with users, partners, and regulators will be maintained throughout the transition. Strategic Shift in Focus The stablecoin market has evolved since USDL’s inception, with institutions now seeking…