PANews reported on February 24 that Kraken announced a partnership with Paxos, Robinhood and Anchorage to support the stablecoin USDG. The exchange rate between USDG and the US dollar is 1:1. It is built on the Ethereum blockchain (ERC-20) and supported by Paxos, the global leader in stablecoins. It aims to become a trustworthy and transparent stablecoin for transactions and hedging, providing global users with seamless access to digital dollars.