Paxos has announced a decision to wind down its USDL Lift Dollar stablecoin, a move that is anticipated to be finalized by December 2025. This strategic decision comes as the company shifts its focus toward new financial initiatives. The winding-down process will be conducted under the oversight of the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This transition signifies a pivotal moment for Paxos as it seeks to adapt to the evolving financial landscape and prioritize more innovative opportunities.
