Global Dollar
Overview
USDG is the Global Dollar Network’s stablecoin, issued by Paxos out of Singapore under the MAS stablecoin framework and, since July 2025, in the EU by Paxos Issuance Europe under MiCA. Its distinguishing feature is the consortium economics: most reserve yield is distributed to network partners (Kraken, Robinhood, Anchorage, and others) rather than kept by the issuer.
That yield-sharing model is the same idea Open USD later scaled up to 140+ partners — USDG was the proof that distribution partners will rally around a coin that pays them. Both Visa and Mastercard accept USDG for settlement.
Card-network settlement support
Supported by both networks: Visa (Jul 2025 expansion) and Mastercard (Jun 2026 expansion).
Regulation & reserves
US dollar deposits and short-dated US government securities; reserve yield is shared with Global Dollar Network partners.
Chain deployments
| Chain | Standard | Final after | Contract / asset identifier |
|---|---|---|---|
| Ethereum | ERC-20 | ≈ 13–19 min | 0xe343167631d89B6Ffc58B88d6b7fB0228795491D |
| Solana | SPL | ≈ 13 s | 2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH |
Always verify contract addresses against the issuer’s official documentation before use — lookalike tokens with identical symbols are a common scam vector.