Global Dollar

What sets Global Dollar apart is less its reserves than its economics. Issued by Paxos out of Singapore under a Major Payment Institution license from the Monetary Authority of Singapore, USDG is a cash-and-Treasuries dollar that hands most of its reserve income back to the exchanges, wallets and payment firms that circulate it, instead of the issuer keeping it all. That revenue-share sits at the center of the Global Dollar Network, a consortium whose members include Kraken, Robinhood, Mastercard, Anchorage and Worldpay among more than twenty partners. Backing is held one-for-one, and the token later added European reach under MiCA through Finnish supervision. The par-redemption right is an institutional one: only fully verified Paxos business customers can mint and redeem directly, so ordinary users transact on the open market. It runs across Ethereum, Solana and several other chains.