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According to DeFiLlama data, the yield stablecoin Coinshift clUSDL has surpassed 100 million USD in total locked value (TVL) just four months after its launch in January of this year, indicating a growing demand for fiat-backed assets that provide passive income through decentralized finance protocols. clUSDL is built on Ethereum, generates income through on-chain lending and access to U.S. Treasury bonds, and is also based on USDL, a stablecoin issued by Paxos International and regulated in Abu Dhabi. (Block)