Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, announced that Global Dollar (USDG) is now available for trading across more than ten digital asset exchanges.
These listings expand the accessibility and liquidity of USDG, “offering users enhanced trading opportunities.”
Now, users globally can get safe, trusted US dollars in the form of USDG via their “preferred” trading platforms. Since January 1, USDG has “grown more than 300%, making it one of the fastest growing stablecoins.”
Traders on BiLira Kripto, BitMart, CoinMENA, Coins.PH Coinstore, EarnBit, KoinBX, PDAX (Philippine Digital Asset Exchange), Orbital, PointPay and XT, can now “access USDG through the USDG/USDT trading pairs.”
The USDG/BTC trading pairs, along with other local currency options, will also be “available to users of EarnBit, PDAX and PointPay.”
On behalf of the members of Global Dollar Network, Ronak Daya, Head of Product at Paxos, commented:
“The expanded availability of USDG across multiple international exchanges signifies a crucial step towards broader adoption and liquidity. This will empower users across geographies to access USDG in an easy way, while fostering a more robust, interconnected USDG ecosystem. Global Dollar Network is driving a paradigm shift by providing proportionate economic benefits to partners that grow the network. We are just getting started and will continue expanding our partner network worldwide to make it easier for anyone to access and utilize USDG through trusted local platforms.”
Listings on major international exchanges reinforces USDG’s position as a reliable and “versatile stablecoin at the forefront of the next wave of digital asset adoption.”
USDG is the safe and trusted stablecoin designed to “accelerate the global adoption of stablecoins.”
USDG is issued by Paxos Digital Singapore, which is “regulated by the Monetary Authority of Singapore (MAS).”
It supports the needs of regulated institutions that “maintain higher standards of operation. USDG is backed by only high-quality liquid assets – US dollar deposits, short duration US Government securities and other such cash equivalents.”
This ensures USDG maintains 1:1 parity “with the US dollar and consumers can redeem their tokens for fiat at all times.”
The Global Dollar Network is an open network “designed to accelerate and reward global stablecoin adoption.”
It is powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore Pte. Ltd. that is substantively compliant with the Monetary Authority of Singapore’s upcoming stablecoin framework.
USDG is a stablecoin designed to support the needs of regulated institutions that maintain “higher standards of operation as it is backed by only high-quality liquid assets.”
Global Dollar Network partners include the following entities: Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood.