Crypto Giants Launch Global Dollar(USDG) a New Stablecoin
Today, a group of crypto leaders unveiled the Global Dollar Network, an open network designed to boost global stablecoin adoption. Prominent crypto players including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, have jointly launched the network.
The Global Dollar Network is an effort to address existing gaps in stablecoin reliability and enterprise adoption, which are often hindered by outdated practices and high costs impacting blockchain ecosystems. This initiative introduces the Global Dollar (USDG), a new stablecoin issued by Paxos in Singapore, aligning with the Monetary Authority of Singapore’s upcoming regulations. USDG is designed to be a safer, compliant stablecoin, promising economic…
