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Global Dollar (USDG) is a fully regulated, fiat-backed stablecoin pegged 1:1 to the US dollar. Issued by Paxos Digital Singapore Pte. Ltd. (PDS), USDG is governed under the forthcoming MAS stablecoin framework, placing it among the most compliant and transparent stablecoins on the market.
USDG is currently available as an ERC-20 token on Ethereum and will expand to other MAS-approved public blockchains. It combines the speed and transparency of blockchain with the trust and protection of traditional financial safeguards.
Unlike many crypto-native or algorithmic stablecoins, USDG is fully backed by high-quality reserves and offers direct fiat redemption.
USDG is minted and burned by Paxos based on fiat inflows and outflows. When a user deposits USD, Paxos mints an equivalent amount of USDG. When redeemed, Paxos burns the corresponding USDG and releases USD back to the user.
Key features include:
- 💵 1:1 USD backing — cash and equivalents in segregated accounts
- 🏦 Trusted banking partners — including DBS, Southeast Asia’s largest bank
- 🔍 Monthly third-party attestations — ensuring transparency and reserve accuracy
- ⚙️ Smart contract-based issuance — reducing human error
🌐 Public blockchain support — including Ethereum (ERC-20)
USDG stands out by combining strict regulatory compliance, strong consumer protections, and enterprise-grade infrastructure:
- Regulated by MAS — one of the world’s leading financial regulators
- Issued by Paxos, a company with a proven track record (including USDP and PayPal’s PYUSD)
- Reserves held with top-tier custodians, segregated from operational funds
Built for enterprise and mainstream adoption — USDG aims to become a trusted tool for payments, settlement, and DeFi participation
USDG has no fixed supply — it is dynamically minted and burned based on user demand and fiat flows.
Backing & Reserves
USDG is 100% backed by:
- 💰 Cash (USD) in segregated bank accounts
- 📄 U.S. Treasury Bills (≤3 months maturity)
- 🔁 Reverse repurchase agreements (fully overcollateralized)
- 💼 Government money market funds
These assets are held in MAS-compliant custody accounts and audited monthly by independent firms. USDG is not interest-bearing, and Paxos does not use fractional reserves.
USDG is part of Paxos’ broader strategy to power regulated digital dollars globally. The token benefits from Paxos' experience launching stablecoins like USDP and PYUSD, and is tailored for both enterprise use cases and public adoption.
Planned developments include:
- 🌉 Expansion to additional public blockchains
- 💼 Integration with payment providers and enterprise platforms
- 🔗 Use in regulated DeFi protocols and real-time treasury operations
- 📈 Improved fiat on/off-ramp infrastructure
USDG will continue to evolve in line with MAS guidance and global compliance standards.
You can buy and sell USDG directly on the Coinmetro exchange. Sign up, verify your account, and trade USDG alongside 80+ other crypto assets with ease and security.