Paxos’ USDG Stablecoin Launches on Mantle Network
- USDG, issued by Paxos, has launched natively on the Mantle network.
- With a market capitalization of approximately $3.18 billion, USDG is the seventh-largest stablecoin.
- Mantle joins over 150 partners in the Global Dollar Network, including Kraken and Robinhood.
- The network reported a growth of tokenized real-world assets (RWA) valued at $234.2 million, a rise of 19% in the last month.
- USDG will be utilized across Mantle’s ecosystem for DeFi applications and institutional capital allocation.
The integration of USDG into the Mantle network enhances its stablecoin offerings while allowing it to participate in reward-sharing structures with other partners. This move is significant as it positions USDG for broader use within DeFi ecosystems.
With USDG’s market cap at $3.18 billion and its new partnership with Mantle, the stablecoin aims to strengthen its presence in decentralized finance applications.(Source)
