BitMart, a premier global digital asset trading platform, listed Global Dollar (USDG) for all BitMart users on March 7, 2025. The USDG/USDT trading pair was officially available for trading at 10:00(UTC).
What is Global Dollar (USDG)
Global Dollar (USDG) is a stablecoin developed and issued by Paxos Digital Singapore Pte. Ltd. (PDS), a subsidiary of Paxos, a well-known blockchain infrastructure company. In July 2024, PDS received full approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payments Institution (MPI), allowing it to offer digital payment token services under a robust regulatory framework. USDG is designed to maintain a 1:1 peg with the US dollar, ensuring its stability and reliability as a digital asset. This peg is supported by reserves composed of cash and cash equivalents, which are held in secure accounts and regularly audited to guarantee transparency and trust.
A key feature of USDG is its availability for redemption at any time—24 hours a day, 7 days a week—making it a highly liquid and accessible option for users worldwide. Positioned as a compliance-first stablecoin, USDG aligns with MAS’ forthcoming stablecoin regulatory framework, placing it at the forefront of regulated digital currencies. It caters primarily to enterprises, offering a secure and efficient tool for global payments, custody, and settlement. Additionally, users can earn incentives through activities like minting, holding, or accepting USDG, with these rewards funded by the net interest margin (NIM) generated from the reserve assets. This combination of regulatory oversight, enterprise utility, and financial incentives distinguishes USDG in the stablecoin market.
Why is Global Dollar (USDG) Created?
The creation of Global Dollar (USDG) addresses a growing need for a dependable, regulated digital currency in an increasingly interconnected global economy. Traditional financial systems often suffer from inefficiencies such as high transaction fees, slow processing times, and limited availability, particularly for cross-border payments. USDG tackles these challenges by providing a stablecoin that enables seamless, low-cost transfers across borders, available 24/7 without the delays associated with conventional banking systems. Its 1:1 peg to the US dollar ensures price stability, making it a practical alternative to volatile cryptocurrencies and unreliable financial tools. The backing of the Monetary Authority of Singapore’s regulatory framework adds a layer of trust and security, appealing to enterprises that require compliance with stringent legal and financial standards.
USDG exists to bridge the gap between traditional finance and the digital asset world, offering a solution that is both innovative and dependable. By leveraging blockchain technology, it streamlines global money movement, reducing friction for businesses engaged in international trade or operations. Furthermore, the incentive structure—where users benefit from the interest earned on reserve assets—encourages adoption and participation, aligning economic benefits with practical utility. Ultimately, USDG was created to meet the demands of a digital-first economy, providing a secure, efficient, and compliant option for enterprises navigating the complexities of modern finance.
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About Global Dollar (USDG)
– Token Name: Global Dollar
– Token Symbol: USDG
– Token Type: ERC20
– Total Supply: 107,470,000 USDG
To learn more about Global Dollar (USDG), please visit their Website and follow their X (Twitter).
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