USDG
Global Dollar
active
Fiat Backed
USD
Market Cap $3.4B
USDG is a U.S. dollar-backed stablecoin by Paxos, maintaining a 1:1 peg with the U.S. dollar and integrated across multiple blockchain networks.
Key Data
| Backing | USDG is fully backed by U.S. dollar reserves, including cash deposits and short-term U.S. government securities. |
| Reserve Reporting | Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG. |
| Redemption | USDG maintains a 1:1 backing with U.S. dollar deposits, short-term U.S. government securities, and other cash equivalents, allowing token holders to redeem for fiat currency. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2024 |
Supported Networks
Cross-Chain Supply ($3.4B total)
Robinhood Chain
$327M
9.7%
Use Cases
PaymentsTrading
The Global Dollar (USDG) is a stablecoin issued by Paxos, designed to maintain a 1:1 peg with the U.S. dollar.
USDG is fully backed by U.S. dollar reserves, including cash deposits and short-term U.S. government securities.
These reserves are managed by DBS Bank, Southeast Asia's largest bank, with monthly reserve reports published for transparency.
Recent Activity
- 2026-07-22AdoptionAugustus Raises $180 Million to Build a Stablecoin-Ready 'Global Dollar Bank'
- —Our coverageStablecoin Recap May 4–11, 2026: USDG led inflows with $0.541 billion as total market cap rose $0.66 billion.
- —Our coverageStablecoin Recap Jun 8–15, 2026: USDC experienced a $0.754 billion outflow.
- —Our coverageStablecoin Recap Jun 29–Jul 6, 2026: Stablecoin Market Capitalization Declines by $2.3 Billion
- —Our coverageStablecoin Recap Apr 6–13, 2026: USDC added $0.995 billion during a week when the FDIC revealed proposed rules for stablecoin issuers.
- —Our coverageStablecoin Recap Apr 20–27, 2026: US authorities froze $344 million in crypto linked to Iran.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.