USDG vs USDC — Side by Side
| Feature | USDG | USDC |
|---|---|---|
| Backing | Fiat-Backed | Fiat-Backed |
| Issuer | Paxos Trust Company | Circle Internet Financial |
| Launched | 2024 | 2018 |
| Chains | 3 | 10 |
When to Use Each
USDG
- +Revenue-sharing model pays network partners from Treasury yield — creates distribution flywheel
- +NYDFS-regulated by Paxos, one of the most credentialed stablecoin issuers in the US
- +Consortium model: Robinhood, Kraken, Galaxy, Anchorage as launch partners provides instant distribution
USDC
- +Monthly reserve attestations by Deloitte — highest transparency among fiat stablecoins
- +Native CCTP (Cross-Chain Transfer Protocol) eliminates bridge risk for cross-chain transfers
- +US-regulated issuer (Circle holds multiple money transmitter licenses)