PANews reported on May 17 that data from DeFiLlama showed that Coinshift's yield-based stablecoin clUSDL has exceeded $100 million in total locked value (TVL) just four months after its launch in January this year. clUSDL is built on Ethereum, earning income through on-chain lending and U.S. Treasury bond exposure and built on USDL, a stablecoin issued by Paxos International and regulated by Abu Dhabi.