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USDG by Paxos Takes Centre Stage as Robinhood and Kraken Join Forces in Stablecoin Innovation

The Global Dollar Network, backed by major fintech and crypto firms, has introduced USDG, a new stablecoin tied to the US dollar to promote stablecoin adoption globally. Issued by Paxos from Singapore, USDG aims to meet regulatory standards and encourage use in real-world transactions.

Paxos Launches Singapore’s MAS-Compliant USDG Stablecoin with DBS

Paxos has launched its Global Dollar (USDG), a new stablecoin approved by Singapore's Monetary Authority, which is backed 1:1 by the US dollar and managed by DBS Bank. This initiative aims to enhance compliance and security in the stablecoin market while expanding USDG's global reach through partnerships with various crypto platforms.

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