USDG | Crypto

February PT yield trails three quoted funding rates; GHO was cheaper in the Oct. 7 snapshot, and replacement-token rewards remain unconfirmed. The post Aave’s USDG rollover plan has a yield below most quoted borrowing rates appeared first on CryptoSlate.

Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity. Paxos-issued stablecoin Global Dollar (USDG) has launched on Arbitrum as the blockchain joins the Global Dollar Network. According to an announcement shared with Cointelegraph, USDG is natively issued on Arbitrum One, with integrations across decentralized finance protocols including Fluid, Morpho, GMX and Maple. Kraken will support deposits and withdrawals, while Stargate will enable transfers between Arbitrum and other blockchains. A proposal submitted to the ArbitrumDAO would make USDG growth a strategic objective and add 100 million ARB to an incentive program to increase adoption. The proposal also calls for deploying Arbitrum treasury assets to support USDG liquidity, while businesses integrating the stablecoin can apply for support from the Arbitrum Foundation. Read more

Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure. Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner, according to a Thursday announcement. The integration makes USDG one of the first stablecoins to be natively minted on Mantle and brings the network into USDG’s reward-sharing structure. As a partner, Mantle can receive a share of the rewards generated by USDG activity, joining a network of more than 150 partners, including Kraken and Robinhood. USDG has a market capitalization of about $3.18 billion, making it the seventh-largest stablecoin tracked by DefiLlama. The stablecoin is issued by Paxos and operates under regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reports on its reserves. Read more

Launched in November 2024, the USDG stablecoin has a total circulating supply of around $356 million. Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin.  By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company announced Monday.  OKX already supports several major stablecoins, including market leaders Tether (USDT) and USDC (USDC). Adding USDG — a newer, smaller entrant — could broaden access to regulated digital dollars through a project designed to operate within established regulatory frameworks. Read more