DeFi Intel

Global Dollar token

stablecoin · PageRank 0.0112

Also known as: USDG

Source: paxos.com

Overview

Global Dollar (USDG) is a US dollar stablecoin issued by Paxos Digital Singapore under the Monetary Authority of Singapore's stablecoin framework, launched on November 1, 2024 with DBS Bank as primary banking partner. Reserves are held in dollar deposits, short-duration US government securities and cash equivalents. USDG anchors the Global Dollar Network, launched with partners including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei and Robinhood, which shares reserve economics with firms that adopt the token.

Within the DeFi Intel graph, Global Dollar connects to 14 tracked entities, most strongly to Ethereum, Solana, Paxos.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 14 total).

RelationConnected entityConfidence
deployed_onEthereum95%
deployed_onSolana95%
issued_byPaxos95%
deployed_onInk95%
deployed_onX Layer95%
custody_byDBS Bank95%
integratesGlobal Dollar Network95%
integratesMastercard90%
backed_byU.S. Treasury Bills90%
regulated_byMonetary Authority of Singapore90%

Frequently asked questions

What is Global Dollar?

Global Dollar (USDG) is a US dollar stablecoin issued by Paxos Digital Singapore under the Monetary Authority of Singapore's stablecoin framework, launched on November 1, 2024.

What chains is Global Dollar deployed on?

Global Dollar is deployed on Solana, X Layer, Ethereum, and Ink.

Who is the primary banking partner for Global Dollar?

DBS Bank is the primary banking partner and custodian for Global Dollar.