Paxos and Major Crypto Players Unveil USDG Stablecoin Backed by the U.S. Dollar

TL;DR Paxos, along with major crypto firms like Robinhood and Kraken, has launched the Global Dollar (USDG) stablecoin, designed to accelerate stablecoin adoption globally. The USDG stablecoin is pegged 1:1 to the U.S. dollar, backed by high-quality liquid assets, and will share nearly 100% of reserve-generated revenue with network participants, fostering broader financial solutions. The ...... source: https://crypto-economy.com/paxos-and-major-crypto-players-unveil-usdg-stablecoin-backed-by-the-u-s-dollar/