USAD Launch on Aleo in Collaboration with Paxos Labs
The Aleo Network Foundation announced plans to launch USAD on Aleo mainnet in collaboration with Paxos Labs, a new U.S. dollar stablecoin that combines Aleo's zero-knowledge cryptography with Paxos Labs' issuance infrastructure 1. USAD will be backed 1:1 and redeemable for USDG on Ethereum, directly tying the new asset's redemption mechanism to USDG 1. This matters because it extends USDG's utility as a settlement and redemption asset into privacy-focused infrastructure, potentially broadening its institutional reach.
OSL Group Launching USDGO Stablecoin with Anchorage Digital
OSL Group announced the launch of the USDGO stablecoin in partnership with Anchorage Digital 2. This development signals continued institutional expansion of the USDG ecosystem through regulated partners, reinforcing its positioning among compliant, enterprise-grade stablecoin offerings.
Biggest Stories of 2025
USDG on Solana: Global Dollar Network announced that USDG became available on the Solana blockchain, with institutions able to access it via partners Anchorage Digital and Kraken 3. This expanded USDG's multichain footprint into one of the highest-throughput networks. (February 25, 2025)
USDG Redemption Assets Report — June 2025: Paxos Trust Company reported USDG tokens in circulation of 324,890,204 against redemption assets in U.S. Treasury Bills of $325,281,956, confirming full backing 4. (June 30, 2025)
USDG Redemption Assets Report — May 2025: Paxos reported 313,642,614 USDG in circulation backed by $314,192,325 in Treasury Bills 5. (May 30, 2025)
USDG Redemption Assets Report — April 2025: Paxos reported 238,227,303 USDG in circulation backed by $238,772,158 in Treasury Bills 6. (April 30, 2025)
USDG Redemption Assets Report — March 2025: Paxos reported 189,048,942 USDG in circulation backed by $189,635,253 in Treasury Bills 7. (March 31, 2025)
USDG Redemption Assets Report — February 2025: Paxos reported 117,007,580 USDG in circulation backed by $118,253,500 in Treasury Bills 8. (February 28, 2025)
USDG Redemption Assets Report — January 2025: Paxos reported 37,007,580 USDG in circulation backed by $37,239,743 in Treasury Bills 9. (January 31, 2025)
USDG Redemption Assets Report — December 2024: Paxos reported 29,860,177 USDG in circulation backed by $30,049,879 in Treasury Bills 10. (January 30, 2025)
Across the monthly attestation reports, USDG's circulating supply grew steadily from roughly 30 million tokens at the end of 2024 to over 324 million by mid-2025, with redemption assets consistently held in U.S. Treasury Bills at or above the circulating supply 10987+3.
Note: No significant USDGO-specific developments were identified within the past 7 days or the past 30 days beyond the items noted above. The most recent project-specific activity centers on the USAD and OSL Group announcements.