Global Dollar

$3.2B market cap

Issued by Paxos · reviewed 29 October 2026

Market cap: $3.16B -0.14% 7d
30-day trend
Volume / market cap: 19.6%
Peg drift, 30 days: 0.03%

Market data as of 29 October 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

USDG is a U.S. dollar-backed stablecoin by Paxos, maintaining a 1:1 peg with the U.S. dollar and integrated across multiple blockchain networks.

01

Instrument facts

Symbol	USDG
Peg	USD
Backing	Fiat backed
Status	Active
Launched	2024
Networks	L1 EVM Ethereum L1 non EVM Solana L2 Ink, X Layer
Use cases	Payments, Trading
Regulatory status	Jurisdiction Singapore · License type MAS Major Payment Institution (Paxos Digital Singapore) · Status Licensed · Issued 2024

02

Supply by chain

7 chains · $3.1B total

Chain	Supply
X Layer	$1.3B
Robinhood Chain	$695M
Solana	$622M
Ethereum	$352M
Ink	$65M
Arbitrum	$48M
Hyperliquid L1	$1M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

7 chains

Chain	Address
Arbitrum One	`0x004b506865409877c9fa29bfb1eba929984b9bbc`
Ethereum	`0xe343167631d89b6ffc58b88d6b7fb0228795491d`
Ink	`0xe343167631d89b6ffc58b88d6b7fb0228795491d`
Mantle	`0x063c1d1ef6e9099ce3e8e9ad5c6173d12c49c086`
Robinhood	`0x5fc5360d0400a0fd4f2af552add042d716f1d168`
Solana	`2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH`
X Layer	`0x4ae46a509f6b1d9056937ba4500cb143933d2dc8`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

The Global Dollar (USDG) is a stablecoin issued by Paxos, designed to maintain a 1:1 peg with the U.S. dollar.

USDG is fully backed by U.S. dollar reserves, including cash deposits and short-term U.S. government securities.

These reserves are managed by DBS Bank, Southeast Asia's largest bank, with monthly reserve reports published for transparency.

05

Recent activity

2026-07-22 Adoption Augustus Raises $180 Million to Build a Stablecoin-Ready 'Global Dollar Bank' decrypt.co
— Our coverage BIS vs Stablecoins: The Fragmentation Debate Is Back — Stablecoin Beat Insight
— Our coverage Stablecoin Banking: The New Battle for Deposits, Payments and Licenses — Stablecoin Beat Insight
— Our coverage Stablecoin Recap Apr 20–27, 2026: US authorities froze $344 million in crypto linked to Iran. — Stablecoin Beat Weekly
— Our coverage Stablecoin Recap Apr 6–13, 2026: USDC added $0.995 billion during a week when the FDIC revealed proposed rules for stablecoin issuers. — Stablecoin Beat Weekly
— Our coverage Stablecoin Recap Aug 17–24, 2026: USDC added $1.72 billion in a week that saw a confirmed depeg. — Stablecoin Beat Weekly

06

Frequently asked questions

What is Global Dollar?

USDG is a U.S. dollar-backed stablecoin by Paxos, maintaining a 1:1 peg with the U.S. dollar and integrated across multiple blockchain networks.

How is USDG backed?

USDG is fully backed by U.S. dollar reserves, including cash deposits and short-term U.S. government securities.

Which networks carry USDG?

USDG is recorded on 4 networks, including Ethereum, Solana, Ink, X Layer.

What is the market capitalization of USDG?

USDG has a market capitalization of $3.2B as of 29 October 2026.

07

Other US dollar stablecoins

License and registration entries summarize public records and issuer statements as of the dates shown and are not legal advice; confirm current status with the relevant regulator. Terms.

Compiled from issuer disclosures, on-chain data and market data. Paxos · Methodology