The Good Tech Companies - Coinshift Launches csUSDL, Announces Strategic Partnerships

Episode Date: November 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/coinshift-launches-csusdl-announces-strategic-partnerships. csUSDL builds on Paxos’ expertise, honed in prominent RWA projects such as PayPal’s stablecoin PYUSD, to offer users additional potential rewards by connecting Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #coinshift, #chainwire, #press-release, #coinshift-announcement, #crypto-exchange, #rwa, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Coinshift launches CSUSDL, announces strategic partnerships, by Chainwire. Abu Dhabi, UAE, November 21, 2024, Chainwire, asterisk Coinshift, a prominent name in in-chain treasury management, has launched CSUSDL, a liquid lending token, LLT, designed to optimize reward opportunities, security, and transparency for both individual and institutional investors. The announcement follows the release of the new Coinshift business, which integrates payments and accounting services offered at no charge for DAOs and on-chain businesses. The innovative treasury product, Coinshift's first, is backed by USDL, a next-generation,

RWA-backed stablecoin issued by Paxos International. Notable for passing yield directly to users, USDL's unique features include FSRA regulation in ADGM, transparency supported by monthly audited reports Andre serves held in U.S. Treasury bills and cash equivalents. CSUSDL builds on Paxos expertise, honed in prominent RWA projects such as PayPal's stablecoin PYUSD, to offer users additional potential rewards by connecting to DeFi borrowing and lending protocols. Coinshift's new LLT is built on Morpho, an emerging category leader whose in-on custodial protocol allows CSUSDL to benefit from lending yields and competitive borrowing rates without intermediaries. Deposits on Morpho's core product exceed $2 billion in crypto assets.

Adding to a strong network of strategic partners, CSUSDL vaults are curated by Stakehouse Financial. The stablecoin specialists work with leading-on chain companies and DAOs such as Lido and Arbitrum, as well as MakerDAO, where they advise token holders on the management of USDS's $2 billion Treasuries program. Greater than, no individual or organization should have to compromise between stablecoin greater than features such as reward rates or regulatory compliance, says Coinshift greater than founder and CEO Tarun Gupta. With CSUSDL, we have found a way to leverage all greater than the potential of the blockchain ecosystem, security, transparency, greater than self-custody, and interoperability.

Users no longer need to choose between greater than liquidity and yield. CSUSDL is seamlessly integrated with the broader DeFi ecosystem. Users have opportunities to access token incentives from Coinshift, Morpho, and other partners. Future plans include enabling users to enhance their potential learnings through strategies on select DeFi platforms. The new LLT is accessible through Coinshift's platform, which reflects the company's ongoing commitment to excellent user experience and thoughtful design. It's a new era of secure, liquid lending, says Gupta. According to Coinshift's projections,

CSUSDL holders may see an annual yield of UP to 10%. Boosted by token rewards in DeFi and partner programs, potential APY can far exceed that number, the company says, commensurate to individual users' engagement and risk profile. Coinshift's stated mission is to bring the value of RWAs into DeFi to drive sustainable, long-term growth for users. Greater than. We envision CSUSDL becoming an essential component of treasury strategies for greater-than-businesses and DAOs, too, adds the CEO. Users can discover CSUSDL at Coinshift. Global about Coinshift Since 2021, Coinshift manages $1 billion

in safe accounts and has helped organizations power $1 billion in payments. An established leader in on-chain treasury management, Coinshift's business platform is used by more than 300 organizations, including Avenue, Starknet, Gitcoin, UMA, and Zapper. With CSUSDL, Coinshift brings its defiant RWA vision and expertise to individuals as well as institutions, empowering all users to take control of their capital and maximize their potential earnings. Coinshift is backed by investments from Tiger Global, Sequoia, ConsenSys, and Polygon. Contact head of business Tom Albrecht Coinshiftem at multisafe.finance. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging

program. Learn more about the program here and thank you for listening to this HackerNoon's business blogging program. Learn more about the program here, and thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.