Global Dollar (USDG)

Paxos’s dollar for the Global Dollar Network, a group of more than 150 companies including Robinhood, Kraken and Mastercard. Partners that hold it for users can get up to all of the interest its reserves earn.

Issuer

Paxos (Singapore and EU)

Launched

Nov 2024

Supply

≈ $3.1B

Route

Regulated abroad

How it is issued

Issuer as a service, with reserve income shared

License

Paxos Digital Singapore (licensed by MAS) and Paxos Issuance Europe in Finland (e-money license, MiCA). Not Paxos’s US trust bank

Reserves

A government money fund (about 53%), T-bills (45%) and cash (Sep 30, 2026)

Reports

Monthly attestations by KPMG

Networks

X Layer holds the most, then Robinhood Chain; also Ethereum, Solana, Ink, Mantle and Arbitrum

Yield

Not from Paxos. Partners can pass reserve income on, and exchanges like Kraken and OKX run earn programs

Access

Partner exchanges and apps such as Kraken, Robinhood and OKX

GENIUS Act

Issued abroad, so it reaches US users only through the foreign route: Treasury must find Singapore or EU rules comparable, plus OCC registration. That process is not set up yet.

Check the supply yourself

• CoinMarketCap
• DefiLlama
• Reserve reports

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Public information as of October 2026, simplified. Not legal or investment advice. Open the full stablecoins world.