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Global Dollar (USDG) is a single-currency stablecoin (SCS) pegged to the US dollar, issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is compliant with the Monetary Authority of Singapore’s (MAS) stablecoin framework.
USDG is issued on Ethereum and other public permissionless blockchains approved by MAS. Global Dollar’s network leverages the collective strengths of each of its partners to incentivize the development of both crypto and broader financial solutions involving USDG. Directed by a network advisory committee with partner representation, Global Dollar Network aims to reshape the stablecoin landscape, offering a solution that meets the stringent demands of global enterprises while promoting collaborative growth and innovation.
USDG launched on November 1, 2024 on the Ethereum blockchain.
Built for payments, settlements and treasury, USDG can be used as an interoperable building block for open-source smart contracts, enabling developers to create new use-cases, products and services with USDG. All cash and cash equivalent reserve assets are held in segregated accounts to protect user assets. USDG is available for purchase and fully redeemable from Paxos on a one-to-one basis for US dollars (1 USDG = 1 USD).
