Overview
USDG (Global Dollar) is a stablecoin issued by Paxos Trust Company under a new consortium model, launched in November 2024. Unlike USDP (which Paxos issues for itself), USDG is designed as a shared stablecoin infrastructure where revenue from Treasury reserves is distributed to network partners — exchanges, wallets, and apps — as an incentive to integrate and distribute USDG. Partners include Robinhood, Kraken, Galaxy Digital, and Anchorage Digital.
Who Created USDG?
USDG was created by Paxos Trust Company and launched in 2024. It is a Fiat-Backed stablecoin designed to maintain a stable value pegged to the US dollar.
Key Features
- +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
- +Solana and BNB Chain multi-chain from day one for broad DeFi reach
- +Monthly Withum reserve attestations with same rigor as USDP
- +Transparent incentive structure designed explicitly to compete with USDC and USDT on economics
Where to Use USDG
USDG is available on Ethereum, Solana, BNB Chain. You can use it on centralized exchanges for trading, in DeFi protocols for lending and borrowing, or as a stable store of value to park funds between trades.
Official website: https://global.paxos.com