Earn real yield with csUSDL

Market-leading returns. Backed by the most secure assets in the world.

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

Partner Ecosystem

A new standard

Trusted by titans of the web3 ecosystem since 2021, Coinshift has managed $1B in Safe accounts and helped organizations power $1B in payments. Now, we’re using our knowledge to build a new, highly secure home for csUSDL, a yield-bearing stablecoin that combines RWA-backed reliability and blue-chip assets with the flexibility of DeFi. So you can choose your own adventure – and see rewards for your business or portfolio, every single day.

Trusted by

FAQ

Coinshift USDL (csUSDL) is a yield-bearing, RWA-backed stablecoin. It represents the tokenized position of USDL in the Coinshift USDL Vault.

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 in the csUSDL vault.

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, with a TVL over $2B. 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.

Insights from the leading edge