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Standard Chartered announced that it will manage, trade and manage Paxos' stable notes issued outside of the United States, including Lift Dollar (USDL) issued in Abu Dhabi (USD 54 million) and Global Dollar (USDG) issued in Singapore (USD 29 million). The partnership does not include Paxos' domestic stablecoins such as PayPal USD. Standard Chartered said the move is aimed at promoting the security and regulatory compliance of global stablecoin solutions.
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