# USDG: Global Dollar

USDG is a regulated dollar stablecoin jointly managed by Paxos Digital Singapore and Paxos Issuance Europe for the Global Dollar Network.

## Key details

- **Issuer:** Paxos Digital Singapore & Paxos Issuance Europe
- **Reference currency:** USD
- **Backing model:** Cash and short-duration US dollar assets
- **Created:** 2024-11-01

## About

Paxos was founded in 2012 and first operated the itBit institutional bitcoin exchange. It received a New York limited-purpose trust charter in 2015, launched Paxos Standard—now USDP—in 2018, and later became the stablecoin and tokenization infrastructure behind products for partners including PayPal and the Global Dollar Network.

## Supported chains

- Ethereum
- Solana
- Arbitrum
- Ink
- Robinhood Chain
- X Layer

- **Reference contract:** `0xe343167631d89B6Ffc58B88d6b7fB0228795491D` (Ethereum)

## Legal jurisdiction

Singapore / European Economic Area (Finland)

Jointly managed by MAS-supervised Paxos Digital Singapore and Finnish electronic money institution Paxos Issuance Europe under MiCA.

## Sources

- [Official site](https://globaldollar.com/)
- [Paxos](https://docs.paxos.com/guides/stablecoin/usdg/mainnet)
- [Paxos stablecoin terms](https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions)

This directory is for research, not an endorsement or an availability promise from Fiber. Stablecoin designs, reserves, networks, and redemption terms can change.

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