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A Next-Gen Yield-Bearing Stablecoin Built for Billions in Onchain Treasuries

A Next-Gen Yield-Bearing Stablecoin Built for Billions in Onchain Treasuries

A new Edge Podcast covering Coinshift's liquid lending token csUSDL

DeFi Dad & Nomatic
January 18, 2025

With hundreds of billions sitting idle in stablecoins and trillions more projected for the next decade, Coinshift hopes to meet the demand for DAOs, onchain liquid funds, and even retail DeFi users to permissionlessly access a more scalable yield-bearing stablecoin called csUSDL.

In a new Edge Podcast, we dissect the design for Coinshift’s csUSDL, built on Paxos and Morpho. If you’re a stablecoin maxi like we are, Coinshift Founder Tarun Gupta has all the details on how they went about engineering a better stablecoin to offer market-leading real yields, backed by RWAs, as a liquid lending token (LLT), which represents the tokenized position of USDL in the Coinshift USDL Vault on Morpho.

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csUSDL: A Next-Gen Yield-Bearing Stablecoin Built for Onchain Treasuries