New to markets — prices, yields, market cap? We explain every term as you browse, in plain English. Same data, with the help built in.
You already know the market. Just the data — clean, fast and compact, with no extra explanations. This is the default view.
Every figure on this site is available as JSON, with its period and source attached.
Read the API docsGlobal Dollar (USDG) is a fiat-backed stablecoin issued by Paxos that is designed to maintain a constant value of one US dollar, making it useful for anyone who wants to move dollars across blockchains quickly and at any hour. It is intended for individuals and institutions that want a dollar-denominated digital asset without exposure to price swings, combining the familiarity of the US dollar with the speed and programmability of blockchain transfers. USDG is regulated in Singapore under the Monetary Authority of Singapore and in the European Union under the MiCA framework, positioning it as a compliance-focused alternative to less regulated stablecoins.
USDG is issued by Paxos and is fully redeemable one-for-one for US dollars directly with the issuer at any time, with reserve assets subject to monthly independent attestations. The token operates across several blockchains, including Ethereum, Solana, Arbitrum, Mantle, and X Layer, meaning settlement depends on the rules of whichever underlying network a user chooses. No consensus algorithm is recorded for USDG itself, because it is a token that inherits the consensus of those host networks rather than running its own.
The data provided does not record a fee stream, protocol revenue, or fee recipients for USDG, so no fee-based measures are available on this page. The issuer, Paxos, typically earns yield on the reserve assets backing the stablecoin, but that arrangement is external to the on-chain token and no figures for it are stored here. The circulating supply stands at approximately 3.02 billion units on a point-in-time basis, and the 30-day change in that supply is negative 6.70 percent, meaning fewer tokens were outstanding at the end of the period than at the start.
Written from the figures on this page by an AI language model and reviewed against them. It contains no view on price.
February PT yield trails three quoted funding rates; GHO was cheaper in the Oct. 7 snapshot, and replacement-token rewards remain unconfirmed.
USDG's rapid growth on Arbitrum One highlights the increasing importance of stablecoins in DeFi ecosystems and their potential revenue impact.
The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity.
USDG's rapid growth highlights the potential for stablecoins to reshape financial ecosystems, but reliance on few partners poses systemic risks.
