USD Gambit USDG Price Live Chart, Index, Market Cap

USDG’s transparent, fully-backed reserves make it an attractive choice for businesses, developers, and consumers alike. Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG, to ensure full transparency and reliability of financial data. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.

His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. The USDG stablecoin is issued out of Singapore by Paxos, and is “substantively compliant” with the Monetary Authority of Singapore’s upcoming stablecoin framework, according to a press release. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly). An open network to accelerate and reward global stablecoin adoption.

Market Overview

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market. The cryptocurrency’s market Price changes in percent within the last 24 hours (1 day). USDG (USDG) cryptocurrency is marked as ‘Untracked’ because of inactivity or insufficient amount of data. As of its launch, USDG is available on the Ethereum blockchain as an ERC-20 token. Paxos plans to expand USDG’s availability to additional blockchains in the near future, pending regulatory approvals. Global Dollar’s price today is US$1.00, with a 24-hour trading volume of $515.

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At this moment, we can’t calculate the market cap as we don’t have the best approximation of the circulating supply. However, using the total supply as of Dec 31, The market capitalization of USDG will be $0. Showing market cap and how it’s compared to different cryptocurrencies. X2,x10, etc. means if the price of USDG (USDG) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins. Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology.

The token page shows information such as price, total supply, holders, transfers and social links. Income generated from USDG’s reserves, which like many stablecoins are U.S. Treasuries, will be shared out among participants based on the ways these firms can create connectivity and liquidity, Cascarilla said. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

MEXC Global

Robinhood Crypto’s GM Johann Kerbrat described stablecoins as a bridge between traditional finance and cryptocurrencies, citing potential benefits like faster and cheaper transactions. According to the project’s website, Paxos has minted over $160 billion in stablecoins since 2018 and operates under oversight from multiple global regulatory bodies. The company says it will publish monthly reserve reports for USDG, as it does for its other stablecoins, to provide transparency about the backing assets.

All transactions operate according to the rules of a smart contract, either on Ethereum following the ERC-20 protocol or on other MAS-approved protocols. Sending USDG on Ethereum and other high speed networks usually takes minutes to settle, compared to potential days for fiat movements using traditional financial infrastructure. Partners in Global Dollar Network are the primary beneficiaries of reserve revenue and can unlock incentives based on support of USDG.

Dollars backing USDG will be held in reserve and managed by Paxos Digital Singapore via DBS. DBS Bank, Southeast Asia’s largest bank by assets, will serve as the usdg crypto primary banking partner at launch for cash management and custody of USDG reserves. By rewarding participant companies rather than end users of the platform, the USDG stablecoin is available in the U.S. via the footprint of the distribution partners, such as Anchorage, which operates in all 50 U.S. states. These are the project’s quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

Bitget Token

Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Singapore’s Monetary Authority (MAS) has established a stringent regulatory framework for digital payment tokens, making it a global leader in digital asset regulation. By aligning with MAS’s standards, USDG gains an edge over other stablecoins that lack similar regulatory oversight. This compliance enhances its appeal, particularly to institutions and businesses seeking a stable, regulated digital currency. The Global Dollar Network (GDN) is an open, enterprise-driven initiative, launched on November 1, 2024 on the Ethereum blockchain and focused on accelerating stablecoin adoption worldwide. Seven crypto and fintech companies announced the formation of a new stablecoin project called Global Dollar Network on November 4, 2024.

EIG Global Trust is a full service digital financial firm with built-in digital asset management, project financing,  and  project management solutions. We were conceived to manage partnerships with the world’s financial community and develop digital economies in a responsible fashion. BscScan is their public blockchain explorer and analytics platform to provide users with a comprehensive view of the USDGOLD ecosystem, source code, tokenomics, wallet addresses of holders, and history of transactions.

It also provides protection from bankruptcy by holding stablecoin reserve assets in segregated accounts held on trust by PDS for the benefit of USDG holders. About PaxosPaxos is the leading regulated blockchain & tokenization infrastructure platform. It’s redefining financial markets by building prudentially regulated solutions that enable the instant movement of any asset to anyone in a trustworthy way. USDG is a US dollar-backed stablecoin issued by Paxos Digital Singapore, and is compliant with the Monetary Authority of Singapore’s (MAS) upcoming stablecoin regulatory framework. This ensures USDG meets the highest standards of consumer protection and regulatory compliance.

1. Paxos partners with leading global enterprises to tokenize, custody and trade assets.
2. Seven crypto and fintech companies announced the formation of a new stablecoin project called Global Dollar Network on November 4, 2024.
3. With over $160 billion in stablecoin issuance to date, Paxos is well-positioned to expand the use of USDG across both traditional and digital financial landscapes.
4. Investing in or trading cryptoassets comes with a risk of financial loss.
5. We were conceived to manage partnerships with the world’s financial community and develop digital economies in a responsible fashion.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG).

1. However, despite this growth, we see several key challenges that are hindering broader adoption and innovation in the stablecoin space.
2. In 2015, the New York State Department of Financial Services granted Paxos Trust Company, LLC (PTC) a limited purpose trust charter and continues to regulate PTC, the issuer of USDP and PYUSD stablecoins, under New York banking law.
3. Paxos, a leader in blockchain infrastructure and tokenization, has been at the forefront of stablecoin innovation since 2018.
4. They’re used to trace website activity & growth within the project.
5. We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action.

It also sets a precedent for stablecoins worldwide, signaling a shift toward greater regulatory clarity and improved consumer protections in the stablecoin market. USDG represents the pinnacle of regulated stablecoins, offering unparalleled stability, security and compliance in the rapidly evolving world of digital finance. Kraken’s Co-CEO Arjun Sethi characterized the regulated stablecoin market as lacking competition and suggested USDG’s economic model could attract mainstream participants.