Paxos International to issue regulated interest-paying stablecoin
- Paxos International Launches Interest-Bearing Stablecoin: Paxos introduces the Lift Dollar (USDL), a stablecoin regulated in ADGM that pays overnight yield based on reserves.
- USDL Backing and Distribution: USDL is backed 1:1 by U.S. government securities, with an issuer fee instead of interest. Yield distribution through Ethereum smart contract rebasing.
- Availability and Restrictions: USDL will be available in Argentina through specific distributors but restricted in several countries including the US, UAE, UK, EU, Canada, Hong Kong, Japan, and Singapore.
- ADGM Growth and Partnerships: ADGM, a free economic zone in Abu Dhabi, has seen growth with DLT regulations, partnerships with Solana, and firms like Chainalysis and Blockdaemon setting up offices.
- Paxos International's Regulatory Compliance: Paxos mints various stablecoins under NYDFS regulation, including PYUSD, USDP, and PAXG, while halting BUSD issuance due to regulatory concerns.
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Technical Analysis for PYUSD
Technical Sentiment Analysis for PayPal USD (PYUSD) As of , PayPal USD (PYUSD) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PYUSD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PYUSD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
PayPal USD (PYUSD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.996 | 0.998 | 0.999 | 1 | 1.002 | 1.003 | 1.004 |
| Fibonacci | 0.998 | 0.999 | 0.999 | 1 | 1.001 | 1.002 | 1.003 |
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