Paxos Launches USDG Stablecoin Fully Backed by USD Reserves

TL;DR Paxos launched the Global Dollar (USDG) stablecoin, fully backed by USD reserves, in collaboration with Singapore’s DBS Bank, complying with the Monetary Authority of Singapore’s regulatory framework. USDG is backed 1:1 with the US dollar, with reserves managed by DBS Bank, ensuring stability and trust, making it suitable for both crypto-native businesses and traditional ... source: https://crypto-economy.com/paxos-launches-usdg-stablecoin-fully-backed-by-usd-reserves/