PANews reported on May 12 that according to The Block, the Global Dollar Network (GDN), jointly initiated by Paxos, Robinhood and others, announced the addition of 19 new member institutions, aiming to expand the global adoption of its Solana-based USD stablecoin USDG. Currently, USDG has a circulation of approximately US$285 million, issued by Paxos Digital Singapore, and basically complies with Singapore's upcoming stablecoin regulatory framework. GDN now has more than 25 partners, covering more than 42 million users worldwide, and plans to expand multi-chain deployment in the future.
Global Dollar Network adds 19 new members to drive USDG stablecoin adoption
Share to:
Author: PA一线
This content is provided for informational purposes only and does not constitute investment advice.
Comments
Follow PANews official accounts, let's navigate bull and bear markets together
Recommended Reading
PPA一线7 hour ago
Market News: Circle IPO pricing may be higher than the market pricing range, and its initial public offering is oversubscribed by more than 25 times链链上观8 hour ago
Pump.fun is finally going to issue a token, but is the $4 billion valuation reasonable?PPA一线11 hour ago
Bybit cryptocurrency exchange upgrades security to strengthen security throughout the process
PAData: Web3 in Data
Data analysis and visualization reporting of industry hot spots
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.