Global Dollar

Global Dollar (USDG) is a fiat-backed stablecoin pegged one-to-one to the US dollar, issued by Paxos Digital Singapore under oversight from the Monetary Authority of Singapore and, in the European Union, by Paxos Issuance Europe Oy under regulation by Finland's Financial Supervisory Authority in compliance with MiCA. It is designed for anyone who wants to move, store, or program with a US-dollar-equivalent amount on a blockchain without the price swings associated with other digital assets. The core claim is that holders can redeem any amount for US dollars at par at any time, around the clock.

USDG is a fiat-backed token, meaning each unit in circulation is intended to be matched by reserve assets held by the issuer, with monthly independent attestations required under its regulatory framework. The token exists across multiple blockchain ecosystems including Ethereum, Solana, Ink, and X Layer, so transfers settle on whichever underlying network carries the transaction. No proprietary consensus algorithm is recorded for USDG itself because it is an application-layer token rather than a base-layer protocol.

The data stored for USDG contains no fee stream attributable to the protocol itself, which means this site has no fee-based measures such as revenue, fee yield, or fee ratios to report. Returns on the reserve assets backing the circulating supply of 3,282,292,403.21 USDG (point-in-time) accrue to the issuer, Paxos, rather than to token holders, which is the standard model for fiat-backed stablecoins. The 30-day change in stablecoin circulating supply stands at 0.783341 percent over the last 30 days, and the fully diluted valuation equals the market capitalization exactly, reflecting a ratio of 1.0 with no supply overhang.