Earn real yield with csUSDL
The institutional-grade, yield-bearing stablecoin built for low risk and high returns
Self custody
Transparency
Versatility
Compliance
Security
Self custody
Transparency
Versatility
Compliance
Security
Self custody
Transparency
Versatility
Compliance
Security
Yield-optimized risk
Daily returns
RWA backing
Blue-chip collateral
Bespoke asset management
Yield-optimized risk
Daily returns
RWA backing
Blue-chip collateral
Bespoke asset management
Yield-optimized risk
Daily returns
RWA backing
Blue-chip collateral
Bespoke asset management
Grow with Coinshift
Envision a world where every business and every human can access low-risk yield. csUSDL makes that possible. Built with Paxos, Morpho, and Steakhouse, our yield-bearing stablecoin combines T-Bills and DeFi-native lending for an all-weather asset that is accessible, regulated, competitive, and risk-mitigated by design.
Partner Ecosystem
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Pioneering finance
Coinshift is trusted by Aave, Starknet, UMA, Gitcoin, and 100+ web3 organizations. Backed by Tiger Global, Sequoia India, and Consensys, we've managed 1B+ in assets since 2021. Now, we're using our expertise and ecosystem to scale csUSDL, combining compliant, blue-chip assets with the flexibility of DeFi, integrating across major protocols like Morpho, Pendle, Gearbox, and Contango. So you, and your business, can choose your own adventure — and see yield every day.
Trusted by
FAQ
Coinshift USDL (csUSDL) is a secure, institutional-grade, yield bearing stablecoin. It represents a receipt for depositing wrapped USDL into the Coinshift USDL Morpho Vault, curated by Steakhouse Financial.
Lift Dollar (USDL) is a stablecoin pegged to the US dollar and managed by Paxos International (the entity behind PayPal USD and PAXG). USDL holders get up to 5% APY from US Treasuries and cash equivalents.
You can mint csUSDL by depositing USDL into the csUSDL vault. Use our app to explore.
In addition to USDL issuers Paxos International – the RWA experts behind PayPal’s stablecoin, PYUSD – Coinshift has joined forces with Morpho and Steakhouse Financial.
Morpho (formerly known as Morpho Blue) is a decentralized protocol enabling the overcollateralized lending and borrowing of crypto assets. The second biggest decentralized lending protocol, it has a TVL over $5B (as of June 2025). Their permissionless protocol allows csUSDL to benefit from lending yields and competitive borrowing rates without intermediaries.
Steakhouse Financial is a leading crypto-native financial advisory, with domain expertise in stablecoins and RWAs. Their largest vault on Morpho till date has ~$60M TVL. csUSDL vaults are curated by Steakhouse Financial.
Users can borrow USDL against bluechip assets like csUSDC and Paxos' gold-backed PAXG.
SHIFT is Coinshift's reward token. Stablecoin holders can earn SHIFT by depositing USDL in the Coinshift USDL vault.
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