Global Dollar
Overview
USDG is the Global Dollar Network’s stablecoin, issued by Paxos out of Singapore under the MAS stablecoin framework. Its distinguishing feature is the consortium economics: most reserve yield is distributed to network partners (Kraken, Robinhood, Anchorage, and others) rather than kept by the issuer.
That yield-sharing model is the same idea Open USD later scaled up to 140+ partners — USDG was the proof that distribution partners will rally around a coin that pays them. Both Visa and Mastercard accept USDG for settlement.
Card-network settlement support
Supported by both networks: Visa (Jul 2025 expansion) and Mastercard (Jun 2026 expansion).
Regulation & reserves
US dollar deposits and short-dated US government securities; reserve yield is shared with Global Dollar Network partners.
Chain deployments
| Chain | Standard | Contract / asset identifier |
|---|---|---|
| Ethereum | ERC-20 | 0xe343167631d89B6Ffc58B88d6b7fB0228795491D |
| Solana | SPL | Address not listed here — verify against Paxos documentation. |
Always verify contract addresses against the issuer’s official documentation before use — lookalike tokens with identical symbols are a common scam vector.