Global Dollar USDGPrice $ 0.99986

November 1, 2024 – Paxos, the leading regulated blockchain and tokenization infrastructure platform introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework.

USDG is a new, safe and trusted stablecoin that will accelerate the global adoption of stablecoins. It is designed to support the needs of regulated institutions that maintain higher standards of operation. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to distribute USDG to individuals and institutions. Paxos is required to hold only high-quality liquid assets to back USDG – 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.