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Paxos launches USDG global dollar network with partners including Robinhood, Kraken – TON BOT

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Paxos launches USDG global dollar network with partners including Robinhood, Kraken

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Paxos has partnered with major industry players to launch the Global Dollar Network, aiming to accelerate stablecoin adoption worldwide. The initiative includes Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, and Robinhood, with plans to welcome more partners. The network will provide a reliable stablecoin, USDG, backed by a partnership structure to enhance crypto and financial solutions. DBS Bank will hold USDG reserves, aligning with Singapore’s stablecoin regulations. The stablecoin is accessible on platforms like Anchorage, Galaxy, Kraken, and Paxos, with more distribution partners to come. The goal is to transform the stablecoin market and drive widespread adoption.

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