Coinshift announced that the total value locked (TVL) of its institutional yield-bearing stablecoin csUSDL has exceeded 100 million USD. csUSDL combines U.S. Treasury yields with on-chain lending returns, achieving real-time on-chain yield accumulation through the $Morpho protocol. It has received a Credora A+ risk rating, with major institutional users including GSR and Amber Group. Additionally, Coinshift has added the PAXG/wUSDL market to the Coinshift USDL vault on Morpho.