Coinshift’s csUSDL Hits $100 Million TVL Milestone, Fueling the Safe Yield Stablecoin Trend in Institutional DeFi
Coinshift, the leading onchain treasury management platform for institutions, has announced that its yield stablecoin csUSDL has officially surpassed $100 million in total value locked (TVL) in just four months since its launch. This achievement clearly reflects the sharp increase in demand for safe, yielding, and compliant assets in the DeFi ecosystem – especially from financial institutions and investment funds.
Safe Yield Stablecoin Leads the New Trend
csUSDL is a next-generation stablecoin product that offers real yields from US Treasury bills and is backed by an on-chain lending mechanism through Morpho, an efficient DeFi protocol. csUSDL is a tokenized version of USDL – a stablecoin licensed and issued by Paxos International, currently managed by Coinshift USDL Vault.
On Morpho Vault, csUSDL has received an A+ risk rating from Credora, which is among the lowest-risk assets in their assessment framework. csUSDL also offers a competitive APY, with real-time yield accumulation performance updated daily. Risk management and asset allocation are coordinated by Steakhouse Financial, a reputable unit in the DeFi asset management field.
Profit without staking, no locking, no KYC
Different from traditional DeFi products, csUSDL does not require users to lock assets, no staking, no KYC, but still accumulates profits regularly. This increases flexibility, making it particularly suitable for institutions looking for a profitable stablecoin solution while maintaining high compliance standards.
Top liquidity providers for csUSDL today include many big names in the industry such as GSR, Dialectic, Amber Group, SCB Limited and Edge Capital – a testament to the product’s appeal and security.
Expanding DeFi usage and crypto gold support
csUSDL extends beyond Coinshift’s own infrastructure and is integrated into the Pendle DeFi protocol, where it is used as an asset that offers fixed and variable returns, as well as tokenized treasury bills-based interest rate trading.
Additionally, Coinshift has also added Paxos Gold (PAXG) as additional collateral for csUSDL. This allows users to leverage gold while expanding access to tokenized traditional assets in the decentralized finance world.
Looking to the future of institutional DeFi
Tarun Gupta, Founder and CEO of Coinshift, shares:
"Institutions are looking for solutions that deliver real yields while still being secure, transparent, and hassle-free. csUSDL makes that possible, and hitting $100 million TVL is clear evidence of the trend of safe yield stablecoins becoming a mainstay in institutional DeFi."
Moving forward, Coinshift aims to expand its collateral types, increase protocol integrations, and build bridges between traditional capital and DeFi. Some of the initiatives underway include using csUSDL for a stablecoin reserve strategy and partnering with family offices, which represent large but conservative traditional capital.
About Coinshift
Coinshift is a leading onchain asset management platform, currently trusted by over 300 organizations such as Aave, Starknet, Gitcoin, UMA, and Zapper. Coinshift provides integrated tools for treasury management, payments, and accounting in a single platform. In addition to csUSDL, Coinshift also owns the native token SHIFT. In 2022, the project successfully raised $15 million in Series A funding with the participation of major funds such as Tiger Global, Sequoia, ConsenSys, and Polygon.
About csUSDL
csUSDL is a stablecoin tokenized from USDL, providing secure returns on real-world assets such as treasury bills and crypto gold, while remaining interoperable, non-custodial, and permissionless. Designed to serve the need to accumulate stable returns while maintaining flexibility, csUSDL is quickly becoming a strategic tool for institutions in developing onchain treasuries and portfolios.