News with the tag "USDG"

Retail brokerage platform Robinhood has disclosed that it is using stablecoins for its weekend settlements, noting that this is just one of the benefits of stablecoins. The CEO, Vlad Tenev, disclosed this during its latest earnings call for Q4 of 2024. According to Tenev , Robinhood is already enjoy...

Some of the leading crypto firms have formally formed an alliance aiming to encourage digital asset users worldwide to adopt stablecoin. Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos joined forces to launch a new stablecoin known as the USDG, or the Global Dollar Ne...

The USDG will use nearly 100% of the revenue generated from its reserve assets to reward network partners rather than the issuer.

Seven crypto and fintech companies announced the formation of a new stablecoin project called Global Dollar Network on November 4, 2024. The founding members are cryptocurrency custodian Anchorage Digital, crypto exchange Bullish, trading firm Galaxy Digital, crypto exchange Kraken, payments company...

A swathe of major firms from traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of stablecoins.

Blockchain infrastructure company Paxos, in conjunction with Singaporean bank DBS, has introduced a new stablecoin known as Global Dollar (USDG). This development comes four months after Paxos secured approval to offer digital payment token services as a Major Payments Institution (MPI). Related Rea...

Paxos has launched its new stablecoin, Global Dollar (USDG), which is backed by the US dollar. The new stablecoin will comply with Singapore's regulatory framework.

Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.