{"id":"global-dollar-network","title":"Global Dollar Network","content":"**Global Dollar Network** is a collective of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) companies that promotes [stablecoin](https://iq.wiki/wiki/stablecoin) adoption, particularly focusing on the USDG [stablecoin](https://iq.wiki/wiki/stablecoin). The network combines major [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchanges and financial technology firms to create a regulated [stablecoin](https://iq.wiki/wiki/stablecoin) ecosystem across multiple blockchains. [\\[3\\]](#cite-id-F3dfRrtpF7)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=CjLUDgihHpI)$$\n\n## Overview\n\n![](https://ipfs.everipedia.org/ipfs/QmSpggEkvtYB7StgpMigXYAnjSeNebRSjrP3JkbSnBL9Y8)\n\nThe Global Dollar Network is a consortium of major [crypto](https://iq.wiki/wiki/cryptocurrency) firms—including Robinhood, [Kraken](https://iq.wiki/wiki/kraken), [Paxos](https://iq.wiki/wiki/paxos), [Galaxy Digital](https://iq.wiki/wiki/galaxy-digital), [Bullish](https://iq.wiki/wiki/bullish), Anchorage Digital, and Nuvei—collaborating to promote the adoption of USDG, a [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Paxos](https://iq.wiki/wiki/paxos) out of Singapore. Designed to comply with the Monetary Authority of Singapore’s upcoming stablecoin regulations, USDG stands out by redistributing nearly all yield from its U.S. Treasury-backed reserves to participating companies based on their network growth and liquidity contributions. Unlike traditional [stablecoins](https://iq.wiki/wiki/stablecoin) such as [USDT](https://iq.wiki/wiki/tether) and [USDC](https://iq.wiki/wiki/usdc), which retain reserve interest for issuers, USDG’s model rewards infrastructure partners, not end users. The network aims to build a compliant, yield-sharing ecosystem, with DBS Bank as the initial banking partner for reserve custody and cash management. [\\[2\\]](#cite-id-2iVUHjtGTJ) [\\[5\\]](#cite-id-1O0d2FCpvs)\n\n## USDG\n\n![](https://ipfs.everipedia.org/ipfs/QmNgT2ca78g2m4it5kjjxiG4wkNNz26JKVKkTX8YWN9NCF)\n\nGlobal Dollar (USDG) is a US dollar-[pegged](https://iq.wiki/wiki/currency-peg) [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Paxos Digital Singapore Pte. Ltd](https://iq.wiki/wiki/paxos). under Singapore's upcoming [stablecoin](https://iq.wiki/wiki/stablecoin) regulatory framework. Designed for payments, settlements, and treasury functions, it is redeemable 1:1 for US dollars and backed by cash and cash equivalents held in segregated accounts. USDG also supports [smart contract](https://iq.wiki/wiki/smart-contract) integration for [blockchain](https://iq.wiki/wiki/blockchain)-based applications.  [\\[1\\]](#cite-id-xetad95oNN) [\\[4\\]](#cite-id-FctzUgAQ9Y)\n\n### Use Case\n\nUSDG offers various use cases, providing a flexible solution for different types of transactions. It can be used for seamless cross-border payments, offering faster and cheaper alternatives to traditional bank transfers, benefiting enterprises seeking to reduce transaction costs. Traders and investors can use USDG as a stable asset to avoid market volatility and maintain portfolio security. On [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) platforms, USDG is available as an [ERC-20](https://iq.wiki/wiki/erc-20) token, allowing users to [stake](https://iq.wiki/wiki/staking), lend, borrow, or use it as [collateral](https://iq.wiki/wiki/collateral) for [smart contracts](https://iq.wiki/wiki/smart-contract). Merchants can also accept USDG for payments, offering a low-fee alternative to credit card processing, while individuals can send remittances quickly and at a lower cost than traditional services. [\\[6\\]](#cite-id-qEMVQGH7uB)\n\n## Backing\n\n* Robinhood\n* Alfred\n* Sling Money\n* Rain\n* Noah\n* [Dreyfus](https://iq.wiki/wiki/alexandre-dreyfus)\n* Caliza\n* [PAXOS](https://iq.wiki/wiki/paxos)\n* Nuvei\n* [Bullish](https://iq.wiki/wiki/bullish)\n* DBS\n* [Galaxy](https://iq.wiki/wiki/galaxy-digital)\n* Anchorage Capital\n* [Kraken](https://iq.wiki/wiki/kraken)\n* Standard Chartered","summary":"The Global Dollar Network is a consortium of crypto firms promoting USDG stablecoin adoption, featuring a yield-sharing model and compliance with Singapore's re...","images":[{"id":"QmdH7tLiaws8FEKtyvjrStVCMqVAkxXzTZjnB7FU41Szse","type":"image/jpeg, 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   \"timestamp\": 1744398068315\n  },\n  {\n    \"id\": \"FctzUgAQ9Y\",\n    \"url\": \"https://docs.paxos.com/stablecoin/usdg/mainnet\",\n    \"description\": \"Paxos USDG documentation\",\n    \"timestamp\": 1744398068315\n  },\n  {\n    \"id\": \"1O0d2FCpvs\",\n    \"url\": \"https://globaldollar.com/newsroom/global-dollar-usdg-stablecoin-now-available-on-solana-blockchain\",\n    \"description\": \"USDG Solana announcement\",\n    \"timestamp\": 1744398068315\n  },\n  {\n    \"id\": \"qEMVQGH7uB\",\n    \"url\": \"https://www.kucoin.com/learn/crypto/what-is-global-dollar-usdg-stablecoin-and-how-does-it-work\",\n    \"description\": \"KuCoin explanation of USDG\",\n    \"timestamp\": 1744398068315\n  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