Global Dollar

Global 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.