Paxos Stablecoin USDG Launches on Mantle, Joining Global Dollar Network

Paxos-issued stablecoin USDG has officially launched on the Ethereum Layer 2 network Mantle. As part of the integration, Mantle has joined the Global Dollar Network, a coalition featuring over 150 members including Kraken and Robinhood. This partnership allows Mantle to participate in the USDG revenue-sharing model based on network activity. USDG, currently the seventh-largest stablecoin with a market cap of approximately $3.18 billion, is regulated under frameworks in Singapore and the European Union. Mantle intends to utilize USDG for DeFi applications an