Global Dollar

Stablecoins · Fiat-backed Stablecoin+1

USDG#42

Mcap$3.14B

$1.0000.0₃87%

Overview Monitoring News Research More

Global Dollar (USDG) Project Update

Global Dollar (USDG) is a dollar-pegged stablecoin fully backed 1:1 and redeemable through Paxos. It is available on Ethereum, Solana, and Ink, and is optimized for efficient, around-the-clock global transfers, with Paxos issuing monthly reserve audits to maintain transparency .

Get Caught Up

Paxos Transparency and Auditor Transition Paxos continues to publish monthly attestation reports for USDG to verify its reserves, adhering to standards set by the Institute of Singapore Chartered Accountants (ISCA) 2 3. A notable operational change is the transition of auditing firms: attestation reports posted on or after February 27, 2026, are now issued by KPMG LLP, succeeding Enrome LLP, which handled prior reports 4 3 5. This matters because independent, regulator-aligned verification underpins institutional trust in the stablecoin's 1:1 backing.

Continued Multi-Chain and Ecosystem Expansion USDG has steadily broadened its reach across networks and platforms. It is now issued on Solana, Ethereum, Ink, and X Layer 6, and became available for transfer, deposit, and withdrawal on the Gemini exchange in select regions as of December 4, 2025 7. This expansion matters because broader availability improves liquidity and usability for institutions and end users alike.

Bridged USDG0 for DeFi Interoperability Paxos Labs and LayerZero launched USDG0, a bridged version of USDG built on LayerZero's Omnichain Fungible Token (OFT) standard, enabling the stablecoin to operate across chains where Paxos does not yet issue directly, starting with Hyperliquid, Plume, and Aptos 8 6. This matters because it extends global dollar access into decentralized finance (DeFi) environments while maintaining compliance and interoperability 8.

Biggest Stories of 2025

USDG0 Launch (November 18, 2025): Paxos Labs and LayerZero introduced USDG0, a bridged version of USDG using LayerZero's OFT standard to expand the stablecoin across multiple blockchains, beginning with Hyperliquid, Plume, and Aptos. This remains relevant as the primary mechanism for extending USDG into DeFi ecosystems 8 6.
USDG Listed on Gemini (December 3–4, 2025): USDG became available for transfer, deposit, and withdrawal on the Gemini exchange in select regions, broadening institutional and retail access to the stablecoin 7.
USDG on X Layer (September 26, 2025): USDG went live on X Layer, further expanding its multi-chain footprint 9.
Marinade Joins Global Dollar Network (September 16, 2025): The Marinade team joined the Global Dollar Network and announced it would integrate USDG into multiple offerings, beginning with Marinade Recipes 10.
USDG on Ink (May 30, 2025): The Global Dollar Network announced that USDG became available on Ink, adding another network to its distribution 11.
USDG Redemption Assets Report — June 2025 (July 29, 2025): Paxos released the June 2025 report, showing USDG tokens in circulation of 324,890,204 against redemption assets in US Treasury Bills of $325,281,956, confirming reserves at least equal to circulating supply 12.
USDG on Solana (February 25, 2025): USDG went live on Solana as its first multichain expansion, leveraging Solana's fast, low-cost transactions. Partners including Alfred Pay, Caliza, Noah, Rain, and Sling Money joined the network, with institutional access via Anchorage Digital and Kraken 13 14.
USDG Redemption Assets Report — February 2025 (March 31, 2025): Paxos released the February 2025 report, showing USDG tokens in circulation of 117,007,580 against redemption assets in US Treasury Bills of $118,253,500 15.