Coinshift has just launched csUSDL, a new liquid lending token (LLT). This token aims to enhance rewards, security, and transparency for both individual and institutional investors. It’s an exciting development that follows the introduction of Coinshift Business, which offers free payment and accounting services for DAOs and on-chain businesses.
So, what exactly is csUSDL? It’s backed by USDL, a next-generation stablecoin from Paxos International. What sets USDL apart is its ability to pass yields directly to users. It’s regulated by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). Plus, it provides transparency through monthly audits and holds reserves in U.S. Treasury Bills and cash equivalents.
csUSDL builds on Paxos’ expertise from significant real-world asset (RWA) projects, including PayPal’s stablecoin PYUSD. This means users can enjoy additional rewards by connecting to decentralized finance (DeFi) borrowing and lending protocols. It’s built on Morpho, a leading non-custodial protocol that lets csUSDL benefit from lending yields and competitive borrowing rates, all without intermediaries. Morpho has already gathered over $2 billion in crypto deposits.
Coinshift has partnered with Steakhouse Financial to curate csUSDL vaults. These stablecoin specialists work with top on-chain companies and DAOs like Lido and Arbitrum, along with MakerDAO, advising them on managing USDL’s $2 billion treasury program.
Tarun Gupta, the founder and CEO of Coinshift, emphasizes that users shouldn’t have to choose between features like reward rates and regulatory compliance. With csUSDL, users can enjoy the full benefits of the blockchain ecosystem—security, transparency, self-custody, and interoperability—without sacrificing liquidity or yield.
csUSDL is seamlessly integrated into the broader DeFi ecosystem. Users can access token incentives from Coinshift, Morpho, and other partners. Looking ahead, Coinshift plans to enable users to boost their earnings through strategies on selected DeFi platforms. You can find csUSDL on Coinshift’s platform, showcasing the company’s commitment to an excellent user experience.
Gupta also mentioned that csUSDL marks a new era of secure, liquid lending. Coinshift projects that holders of csUSDL might see annual yields of up to 10%. With token rewards and DeFi partner programs, the potential annual percentage yield (APY) could be even higher, depending on how engaged users are and their risk profiles.
Coinshift’s mission is clear: they want to bring the value of real-world assets into DeFi for sustainable, long-term growth. Gupta believes csUSDL will become a key part of treasury strategies for businesses and DAOs. You can learn more about csUSDL on their website.
Since 2021, Coinshift has managed $1 billion in Safe accounts and facilitated $1 billion in payments for various organizations. As a leader in on-chain treasury management, their platform is used by over 300 organizations, including Aave, Starknet, Gitcoin, UMA, and Zapper. With the launch of csUSDL, Coinshift aims to share its DeFi and RWA vision with both individuals and institutions, empowering them to take control of their capital and maximize their earnings.
Coinshift has received backing from notable investors like Tiger Global, Sequoia, ConsenSys, and Polygon.
For more information, feel free to reach out to Tom Albrecht, the head of business at Coinshift.