PANews reported on May 17 that data from DeFiLlama shows that Coinshift's yield-generating stablecoin clUSDL has exceeded a total locked value (TVL) of 100 million USD just four months after its launch in January this year. clUSDL is built on Ethereum and earns yield through on-chain lending and exposure to U.S. Treasury bonds, built on top of USDL, which is a stablecoin issued by Paxos International and regulated by Abu Dhabi.