USDG
Global Dollar
active
Fiat Backed
USD
Market Cap $2.2B
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.
Key Data
| Backing | USDG is fully backed by U.S. dollar reserves, including cash deposits and short-term U.S. government securities. |
| Auditor | Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG. |
| Reserve Reporting | Paxos provides monthly reserve reports for USDG. |
| Redemption | USDG maintains a 1:1 backing with U.S. dollar deposits, short-term U.S. government securities, and other cash equivalents, allowing token holders to redeem for fiat currency. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2024 |
Supported Networks
Cross-Chain Supply (DefiLlama · $2.1B total)
Use Cases
PaymentsTrading
Overview
The Global Dollar (USDG) is a stablecoin issued by Paxos, designed to maintain a 1:1 peg with the U.S. dollar.
How It Works
USDG is fully backed by U.S. dollar reserves, including cash deposits and short-term U.S. government securities.
Reserve Backing
These reserves are managed by DBS Bank, Southeast Asia's largest bank, with monthly reserve reports published for transparency.
Supported Networks
USDG is available on multiple blockchain networks, including Ethereum, Solana, Ink, and X Layer.
Other USD Stablecoins
Data source: CoinGecko ↗