Paxos has joined forces with major industry players to launch the Global Dollar Network, a strategic initiative aimed at accelerating stablecoin adoption worldwide. The partnership, announced on Nov. 5, includes well-known names like Anchorage...
Paxos has partnered with traditional finance and crypto firms like Robinhood and Kraken to launch USDG, a US dollar-backed stablecoin aimed at increasing mainstream adoption.
Paxos launches USDG, a new stablecoin on the Global Dollar Network, with support from industry giants and initial issuance in Singapore.
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The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.
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