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Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible. As of its launch, USDG is available on the Ethereum blockchain as an ERC-20 token. Paxos plans to expand USDG’s availability to additional blockchains in the near future, pending regulatory approvals. Ltd., a regulated entity licensed by the Monetary Authority of Singapore as a Major Payment Institution. Support With low transaction costs and quick global settlements, the XRPL is well-suited to support an abundance of USDC use cases, making it an ideal blockchain for businesses and developers to leverage. MAS is recognized globally for its stringent oversight of stablecoins and dedication to consumer protection. The Global Dollar (USDG) is the network’s core asset—a US dollar-backed stablecoin that supports reliable, cost-effective digital transactions globally. Following the collapse of TerraUSD, stablecoin issuers have been under intense scrutiny over the quality of the reserves backing their tokens. USDG is a US dollar-backed stablecoin issued by Paxos Digital Singapore, and is compliant with the Monetary Authority of Singapore’s (MAS) upcoming stablecoin regulatory framework. This ensures USDG meets the highest standards of consumer protection and regulatory compliance. Launched in November 2024 by the crypto company Paxos and six other partners, the consortium lets members mint, or create, the network’s stablecoin USDG, a cryptocurrency pegged to the U.S. dollar. Members of the group share the interest earned from the reserves backing the stablecoin, which are usually U.S. Except the moles are armed with smart contracts and the hammer is made of strongly worded letters. Just as you can’t currently distinguish which dollar bill is coming from Chase and which from Bank of America, soon users won’t look at who is issuing the stablecoin. In February, Figure Markets launched YLDS, the first SEC-registered yield-bearing stablecoin, offering 3.85% APY tied to Secured Overnight Financing Rate rates. Remittances USDG stands out as a premier regulated stablecoin, delivering unmatched stability, security, and compliance in the fast-evolving digital finance landscape. Traders and investors can use USDG as a stable asset in times of high market volatility. By holding a stablecoin like USDG, they can avoid the price fluctuations of other cryptocurrencies and maintain a secure digital asset within their portfolios. AuthLN’s Mike Siers on harnessing Bitcoin’s lightning network to revolutionize cybersecurity Paxos International is also licensed by the Financial Services Regulatory Authority in the Abu Dhabi Global Market and issues Lift Dollar (USDL). The Global Dollar price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The barbarians aren’t at the gate — they’re already inside, issuing tokens and earning yield. When this unravels, and parts of it will, there’s no Federal Reserve to lower rates, no U.S. Treasury to backstop losses and no coordinated response from people who can’t even agree on what a stablecoin is. When thousands of stablecoins exist, each with different mechanisms, backings and jurisdictions, traditional regulation becomes a game of whack-a-mole. The stablecoin market has become exceedingly crowded over recent years — but USDC has aimed to stand head and shoulders over competitors in several ways. While stablecoins have been around for more than a decade, they have recently attracted the support of Congress. Last week, in what industry boosters said was a watershed moment for the technology, the Senate passed the GENIUS Act, a bill that regulates stablecoins. It’s an ecosystem designed to make it easier for businesses, developers, and institutions to integrate USDG into their platforms. But the ones that do will reshape how money works, who controls it and what it can do. Accessing Decentralized Finance (DeFi) Platforms Unlike traditional remittance services that may take days, USDG transactions are completed within minutes, with fewer fees and greater convenience for both the sender and the receiver. These functions are made possible through USDG’s programmability and blockchain-native architecture, with smart contracts automating token issuance, redemption, and transfers. By the end of 2025, there will be hundreds, if not thousands, of stablecoins launching. Yet they won’t take on the typical form as we commonly know it — instead, stablecoins will be getting more and more complicated. Global Dollar Price Converter Heavyweight players like Tether (USDT) and Circle’s USD Coin (USDC) have dominated this space, accounting for a significant portion of the market share due to their established use cases and large trading volumes. The Global Dollar Network refers to the broader ecosystem supporting the use and integration of Global Dollar (USDG), a US dollar-pegged stablecoin. It is not a separate protocol or blockchain but rather a framework for enabling regulated stablecoin transactions across public blockchains such as Ethereum and other approved Layer 1 and Layer 2 networks. The network facilitates around-the-clock stablecoin issuance, redemption, and use for payments, treasury, and settlements, supporting both enterprise and individual users. USDG’s issuance will adhere to strict regulatory standards, including requirements for value stability, capital adequacy, redemption and par and comprehensive disclosure. It also provides protection from bankruptcy by holding stablecoin reserve assets in segregated accounts held on trust by PDS for the benefit of USDG holders. However, despite this growth, we see several key challenges that are hindering broader adoption and innovation in the stablecoin space. The stablecoin market expanded from $5 billion in 2020 to nearly $261 billion today, with Tether alone holding $155 billion. For context, Tether’s $155 billion market cap rivals the GDP of Hungary, which was about $212 billion in 2023. Last year, the company reported $13 billion in profits from investing its reserves, primarily in the U.S. He declined to say whether his company planned to add support for USDT, the most popular stablecoin whose issuer Tether has long been in the crosshairs of regulators. In addition to USDG, Mastercard said it was adding support for PYUSD, or PayPal’s token, as well as FIUSD, a recently launched stablecoin from the banking technology provider Fiserv. Mastercard already supports USDC, the stablecoin issued by the company Circle, which recently went