what's Global Dollar Network?
The Global Dollar Network is an open, collaborative ecosystem designed to accelerate the adoption of stablecoins in global finance. Launched in November 2024, it brings together leading enterprises from crypto and traditional finance, including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, to foster innovation in digital payments and settlements. At its core, the network promotes the use of regulated stablecoins for seamless, low-cost, 24/7 transactions across borders, addressing challenges like interoperability and compliance in the stablecoin space. The network's flagship asset is Global Dollar (USDG), a fully reserved, U.S. dollar-pegged stablecoin issued by Paxos Digital Singapore under the supervision of the Monetary Authority of Singapore (MAS) and compliant with the EU's MiCA framework via Paxos Issuance Europe. USDG operates on multiple blockchains such as Ethereum and Solana, enabling efficient on-chain activities including DeFi lending, payments, and treasury management. The network's economic model shares reserve yields with partners to incentivize growth, positioning it as a trusted infrastructure for bridging traditional and decentralized finance.
Global Dollar Network achieved 24% growth on Solana over 7 days as of 2026-04-14.
contract
solana
ink
ethereum
Achieved 24% growth over 7 days on Solana as of 2026-04-14.
Achieves up to 8.12% APY (30-day average) on Kamino's onRe Finance Market, sourced from diversified yield including reinsurance premiums, stablecoin markets, and T-bills.
Pendle holds approximately 20% of USDG supply as the top holder.
Included as a supported token in Light Protocol's Token SDK for Payments, which launched on Solana mainnet on 2026-03-24 and reduces address fees to $0.001.
Listed PT-USDG on Pendle with maturity May 28, 2026, 5.09% yield, and limit order incentives; offers 5.00% fixed APY on a $10M swap size.
Holds $100M USDG on Pendle as of 2 weeks before March 24, 2026.
Integrated with x402 on QuickNode, enabling agents to pay per request using USDG on X Layer across 80+ chains with wallet-authenticated, auto-paid access.
Reached $2 billion market cap, ranking as a top 10 global stablecoin and third-largest on Solana.
Reached close to $400M USDG supply onchain.
Has 3,088 token holders as of March 12, 2026, with 491 holders (16%) coming directly from Pendle.
Integrated with Pendle, accumulating $100M TVL within one month; LP position declined from $80.0M to $67.5M, while PT supply grew from $16.5M to $35.3M. Offers YT and LP strategies with $14M liquidity and up to 904% APY as of March 18, 2026.
PT-USDG/USDC trading pair listed on Morpho with $10m in liquidity available for borrowing.
USDG token is now listed and tradable on Aori exchange.
Launched on Eco stablecoin transaction network.
USDG LP pool on Pendle offers 16.57% APR.
Kraken VIP offers 10% APY on USDG staking until 2026-06-08.
Received MiCA compliance status as one of only three stablecoins (USDC, USDG, EURC) among the top 50 stablecoins by market cap that are MiCA-compliant as of March 2026.
Operates as a programmable stablecoin settlement platform for institutional digital dollar settlement, with potential support on Visa cards via Visa-Bridge, expanding to 100+ countries by 2026 alongside USDC, EURC, and PYUSD.
Integrated with Pendle and Paxos for RWA fixed income, enabling fixed yields and yield trading in DeFi, offering up to 47% APR (34% USD, 13% PENDLE) with 2026-05-14 maturity, and PT-USDG on Pendle yielding 5.11% and 146% APY via Morpho looping with 2026-05-28 maturity. Received $150k incentives until 2026-04-16, an additional $240k for USDG on Pendle with extended maturity, and increased USDG emissions from $24k/week to $30k/week, scheduled to $40k/week on 2026-04-16.
Kraken offers $10 USDG incentive for first perpetuals trade of $50 or more, running until 2026-03-12 in select regions excluding the EU.
Kraken Pro offers US users 2% USDG rewards for transfers of stocks and ETFs until March 31, 2026.
Reached a supply of $803 million USDG on Solana as of February 10, 2026.
Whale wallets (trading over $500) accumulated $19.3M in net inflows over 24 hours ending February 5, 2026.
Partnered with Aave Labs, launched USDG supply incentives on Aave Ethereum Core market, with depositors earning 7.1% APR (April 11, 2026).
Achieved $9.7M in DEX flows on Solana over the past week, ranking second among Solana tokens by this metric.
Reached all-time high monthly transfer volume of $8.4 billion for USDG on Solana in December 2025.
Accepted as collateral by Solstice (solsticefi), enabling use in their delta-neutral and T-bill exposure vaults.
Featured in Galxe's curated campaign selection alongside other projects before Christmas 2025.
Featured in a 4-week Galxe Quest campaign with KAIO, Foru AI, and ECOR on February 13, 2026, offering $USDG token rewards.
A kBTC-USDG liquidity pool on Velodrome Slipstream (Ink chain) offers approximately 360% APY rewards for depositors.
OKX offers a 5% deposit match for U.S. users on USDG deposits, up to $5,000 for deposits of $10+, alongside 5% APY.
Offers 5% APY on USDG for U.S. users through OKX platform.
Reached $1 billion USDG supply on Solana, 30x growth since year-start, with total supply at $1.3 billion.
Robinhood's Crypto General Manager Johann Kerbrat discusses stablecoins and USDG initiative in podcast episode covering Robinhood's vision for 24/7 markets, tokenization, and DeFi strategy.
USDG is now available as a margin collateral asset on Kraken Pro, expanding its use cases on a major exchange.
Monthly active users on Solana increased by approximately 100% in the past month.
Holder count reaches 12.2k, growing +28.0% over 30 days as a stablecoin on Solana, outpacing PYUSD (+13.8%), RLUSD (+8.2%), USD1 (+3.9%), USDC (+3.5%), and USDT (+1.9%).
Solana's stablecoin supply grew ~200% since the start of 2025, with Global Dollar Network identified as one of the key drivers alongside Circle, Tether, and PayPal.
Paxos issues USDG, distributed by Global Dollar Network. Maintains reserves in T-bills and short-duration Treasuries, yielding approximately 3.7%, bankruptcy remote, legally segregated, and protected from Paxos claims in bankruptcy.
Increased network growth by 444% (new wallets created) over the past month, ranking third among projects with $500M+ market cap.
Jupiter Lend offers an 8.3x leverage loop strategy for syrupUSDC/USDG pairs earning 11.55% APY, with USDG borrowing costs netting to 5.1% after rewards.
USDG holders on Solana doubled in the past two months; market cap on Ink chain increased 10x in the same period, and over 100% since January 1, 2026.
USDG now trading on Gemini with deposits and withdrawals enabled.
Reached 1,350,000,000 USDG circulating supply, 30x growth since year-start, ranking 9th among stablecoins.
Discord hosts AMA about xStocksFi tokenized stocks platform with $100 USDG giveaway for questions.
USDG liquidity pool with kBTC launches on Velodrome Slipstream via Ink platform, offering ~435% APY rewards.
The New Money App launches promotional campaign offering 5% deposit match on crypto deposits with a $250 cap.
OKX unlocks 5% APY rewards on USDG.
Loopscale's USDG Vault reaches $10M TVL milestone in first week post-launch.
OKX Pay integration delivers daily USDG rewards with onchain yields.
Marinade Finance launches first USDG Recipe, enabling Solana users to stake SOL and earn USDG stablecoin with boosted APYs in collaboration with Global Dollar Network.
USDG0 initial deployment includes Hyperliquid and Plume chains alongside Aptos.
Aptos confirmed as one of three initial deployment networks for USDG0 alongside Plume and Hyperliquid.
Launches USDG0, a cross-chain version of USDG built on LayerZero's OFT standard, with initial deployment on three networks: Plume, Hyperliquid, and Aptos.
RWAfi platform PLUME integrates USDG0 into its ecosystem.
Paxos Labs launches USDG0, an omnichain version of USDG stablecoin using LayerZero's OFT standard.
Paxos and LayerZero Labs launch USDG0 as a bridged stablecoin to expand Global Dollar access across DeFi.
USDG launches on Aptos blockchain with partnerships from Paxos and LayerZero_Core supporting the integration.
Paxos unveils stablecoin plans involving Hyperliquid with USDG0 to become a quote asset on HyperCore.
USDG classified as Tier 2 tokenized asset on Solana with market cap in $100M-$1B range, alongside BUIDL and USDY.
Loopscale launches ACRED on Solana with Securitize and Global Dollar, the first permissioned RWA credit product that lets accredited investors borrow against tokenized Apollo credit while lenders earn RWA-backed yields.
Announces collaboration with Securitize, Solana, and Loopscale.
Hosts Discord event with Kitboga and c7five for scam awareness week, offering $100 USDG giveaway for participants.
Gate.io lists USDG with USDG/USDT trading pair starting November 12 at 12:00 PM UTC.
USDG ranks third among fastest growing Real World Assets based on 30-day market cap growth percentage, ahead of GHO (4th) and RLUSD (8th).
USDG supply crosses $1 billion threshold with 30x year-to-date growth, contributing to total stablecoin market growth from ~$140B to $266B as of 2026-03-01.
USDG ranks as the fastest growing stablecoin in the $100M-$1B supply range, outpacing GHO, RLUSD, and EURC.
OKX PAY offers USDG financial product with 10% annual yield for first 10,000 USDG and 5% for amounts above, with rewards distributed weekly.
Adopts Chainlink's CCIP as canonical cross-chain infrastructure, launches 3.85% APY rewards for USDG holders on X Layer, and announces x402 support via Wallet API.
Integration with Jupiter Lend enables users to supply USDG, USDC, and USDT to earn yield on Solana. Zero-fee swaps to USDG are available on X Layer.
US users can earn through a 10% USDG deposit match (up to $300), 4.1% APY on OKX, and referral rewards up to $500 via The New Money App.
USDG ranks #4 among tokenized assets on Solana by market cap, trailing only USDC, USDT, and PYUSD.
USDG stablecoin supply crosses $1 billion milestone, growing 41.8% over the past month.
Velodrome Slipstream on Ink blockchain offers USDG LP rewards with the USDT0-USDG pair providing ~3,619% APY, WETH-USDG at ~1,053% APY, and kBTC-USDG at ~398% APY.
USDG is available for yield farming on Tydro HQ, a lending platform from Kraken.
3.85% APY rewards go live on X Layer for USDG with no lockups and weekly payouts.
OKX Pay integrates USDG offering 10% annual yield with no lockup period and instant deposits/withdrawals.
USDG supply increases by 39.1% over the past month on Solana, showing continued growth momentum alongside other institutionally-backed stablecoins.
USDG ranks among the fastest growing stablecoins on Solana with supply up approximately 343% in the past 90 days.
USDG closes in on $1 billion in outstanding supply and is listed among the fastest growing RWAs based on 30-day TVL growth.
Brokerage infrastructure firm Alpaca HQ partners to enable USDG support on Solana, marking the first multi-chain integration beyond Ethereum.
New Money App referral program pays $200 per qualified signup up to 5 referrals ($1000 maximum) and offers 10% APY on USDG holdings with no lockup period.
New Unified Perpetuals Order Book launches, enabling SOL perpetuals trading across USDG, USDC, and USD in a single market, with additional markets planned.
Launches marketing campaign with Williams Racing and Kraken, giving away $5,000 in USDG (10 winners of $500 each) and Alex Albon's race-worn Mexico GP helmet.
Paxos partners with Toku to allow employees to be paid in USDG. Tydro adds USDG to its new Ink Points rewards program for asset suppliers.
Kraken+ subscribers earn up to 5% APR on USDG balances for a limited time, with the first month of subscription free.
Kamino's main market offers -12% borrow APY on USDG (borrowers receive incentives) with zero-slippage swaps to USDC.
Kraken offers US users up to 2% in USDG rewards for stock portfolio transfers, with the promotion extended until November 30th.
Jupiter Exchange offers 17% APY on the syrupUSDC/USDG pair through manual leveraging, while autoleveraging for USDG pairs has been discontinued on the platform.
OKX offers a 10% deposit match bonus for USDG plus 4.1% APY paid weekly for both existing and new users.
Listed as the 13th largest stablecoin issuer on Ethereum.
USDG records $589.89M growth from July 1 to October 16, 2025, ranking 8th among top stablecoins by growth during this period.
USDG liquidity pools on Velodrome's Ink blockchain feature yields up to ~1,189% for WETH-USDG pair, ~304% for kBTC-USDG, and ~16% for USDT0-USDG.
Kraken promotion offers up to 2% USDG match on deposits of $1000 or more this month, with $1M total rewards locked in.
USDG launches deposit match campaign providing 10% USDG match bonus alongside 4.1% APR with weekly payouts.
Stripe announces stablecoin subscription payment support including USDG alongside USDC and USDP on multiple blockchain networks including Ethereum, Solana, Polygon, and Base.
Partners with Decal and Solana Spaces to operate Internet Capital Markets Supermarket at Solana Breakpoint conference, offering branded merchandise.
Supply on Solana grows to $460M, showing 5x growth since June according to TokenTerminal data.
Ourbit exchange integrates USDG with 1:1 USDT swap functionality and joins The Global Dollar Network as partner.
USDG usage on Ethereum hits all-time high with metrics up 40x since January 2025, recording $965.6 million in monthly transfer volume during August.