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Digital assets >
USDG

Global Dollar

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LAST UPDATED:
February 12, 2026

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.

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Background
Launch

USDG launched on November 1, 2024 on the Ethereum blockchain.

How does it work?

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).

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Information on this page includes third party content. Bullish is not responsible for third party content. Content is for informational purposes only and is not investment advice. You should do your own research. Not all digital asset products are available in all locations. Bullish may enter into arrangements with digital asset issuers, sponsors or related parties under which Bullish will receive compensation, such as trading fees or other incentives, for providing listing, liquidity or other services in relation to a digital asset. Visit bullish.com/trust for more important information.
To request modifications or updates to this asset page, please contact our support team at [email protected].
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Not investment advice. Digital assets and related products are high risk. Consult your professional advisor and trade responsibly. Visit legal for important information and risk warnings. Bullish Europe GmbH is regulated by the German Federal Financial Supervisory Authority (BaFIN ID 10162355). Bullish Europe GmbH, Fora Office, Oper 46, Bockenheimer Anlage 46, 60322 Frankfurt, Germany. Local Court of Frankfurt am Main, HRB 128487; Managing Directors: Marco Bodewein, Marcus Rietsch Imprint

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