Paxos launches USDG stablecoin, compliant with Singapore regulations.
Paxos launched Global Dollar (USDG), a MAS-compliant, US dollar-backed stablecoin ensuring 1:1 redemption and high-quality asset reserves.
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What is Global Dollar (USDG)?
On November 1, 2024, Paxos launched Global Dollar (USDG), a stablecoin pegged to the US dollar and designed to meet the upcoming regulatory standards set by the Monetary Authority of Singapore (MAS). USDG aims to promote widespread stablecoin adoption by providing a secure and reliable option, particularly for regulated institutions. Issued by Paxos Digital Singapore Pte. Ltd., which is regulated by the MAS, USDG will be distributed through Paxos Global Pte. Ltd. and its partnerships with exchanges, wallets, and platforms. USDG is backed by a reserve of high-quality liquid assets, including US dollar deposits and short-term US Government securities, ensuring a 1:1 exchange rate with the US dollar and enabling users to redeem USDG for fiat currency at any time.
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Global Dollar price live information
As of now, Global Dollar is trading at 1.0009 USD, with a 24-hour trading volume of approximately 109.27K USD. The USDG to USD price is updated in real time. Over the past 24 hours, Global Dollar has decreased by 0.03%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 170 560 970 USDG in circulation out of a maximum supply of 0 USDG.
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