Global Dollar · About

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.