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Data: clUSDL stablecoin TVL surpasses 100 million USD
Odaily News According to data from DeFiLlama, Coinshift's yield-bearing stablecoin clUSDL has surpassed a Total Value Locked (TVL) of 100 million USD just four months after its launch in January this year, indicating a rising demand in the market for fiat-pegged assets that provide passive income through Decentralized Finance protocols. clUSDL is built on Ethereum and earns yields through on-chain lending and exposure to US Treasuries, constructed on top of USDL, which is a stablecoin issued by Paxos International and regulated by Abu Dhabi. (The Block)