{"id":5819,"date":"2025-02-26T16:59:56","date_gmt":"2025-02-26T16:59:56","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=5819"},"modified":"2025-02-26T16:59:58","modified_gmt":"2025-02-26T16:59:58","slug":"paxos-brings-usdg-to-solana-boosting-stablecoin-utility","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/26\/paxos-brings-usdg-to-solana-boosting-stablecoin-utility\/","title":{"rendered":"Paxos Brings USDG to Solana, Boosting Stablecoin Utility"},"content":{"rendered":"\n<p>Global Dollar (USDG), the stablecoin issued by Paxos Digital Singapore, is expanding to the Solana blockchain, marking a significant step in its multichain strategy. The Global Dollar Network announced the expansion on February 25, making the U.S. dollar-pegged stablecoin available on Solana, which is known for its high-speed and low-cost transactions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>USDG\u2019s Expansion to Solana<\/strong><\/h3>\n\n\n\n<p>Initially launched on Ethereum on November 1, 2024, USDG was introduced by Paxos Digital Singapore Pte. Ltd., a subsidiary regulated by the Monetary Authority of Singapore (MAS). At launch, Paxos aimed to accelerate the distribution of USDG through partnerships with crypto exchanges, wallets, and blockchain platforms.<\/p>\n\n\n\n<p>With its availability on Solana, institutions can now access USDG through Anchorage Digital and Kraken. This integration is expected to enhance stablecoin adoption for payments and finance, unlocking new business opportunities.<\/p>\n\n\n\n<p><strong>\u201cThe launch of USDG on Solana will accelerate stablecoin adoption for payments and finance at a global scale, and unlock new opportunities for businesses and retail users alike,\u201d<\/strong> said Lily Liu, President of the Solana Foundation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Partnerships Driving Adoption<\/strong><\/h3>\n\n\n\n<p>Several companies have joined the Global Dollar Network to integrate USDG, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Alfred<\/strong> \u2013 A payments infrastructure firm<\/li>\n\n\n\n<li><strong>Caliza<\/strong> \u2013 A Brazilian fintech company<\/li>\n\n\n\n<li><strong>Noah<\/strong> \u2013 A cross-border payments provider<\/li>\n\n\n\n<li><strong>Rain &amp; Sling Money<\/strong> \u2013 Crypto platforms supporting USDG transactions<\/li>\n<\/ul>\n\n\n\n<p>These partners will focus on driving USDG adoption in areas such as card payments, cross-border transfers, remittances, and treasury management.<\/p>\n\n\n\n<p><strong>\u201cThe future of finance is borderless, and stablecoins are making it a reality. Joining the USDG network enables Caliza to break down barriers to economic opportunity. Now, businesses worldwide can benefit from access to dollar-denominated financial products that are safe and regulated,\u201d<\/strong> said Ezra Kebrab, CEO of Caliza.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Growing Stablecoin Market<\/strong><\/h3>\n\n\n\n<p>The stablecoin sector continues to expand amid regulatory changes and increased adoption. While Tether\u2019s USDT and Circle\u2019s USDC dominate market share, new players like Paxos are making significant strides, particularly in Latin America, the Middle East, and Africa.<\/p>\n\n\n\n<p>Paxos\u2019 suite of stablecoins includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pax Dollar (USDP)<\/strong> \u2013 A fully regulated stablecoin<\/li>\n\n\n\n<li><strong>Pax Gold (PAXG)<\/strong> \u2013 A gold-backed digital asset<\/li>\n\n\n\n<li><strong>PayPal USD (PYUSD)<\/strong> \u2013 Issued for PayPal\u2019s crypto ecosystem<\/li>\n\n\n\n<li><strong>Lift Dollar<\/strong> \u2013 A yield-bearing stablecoin<\/li>\n<\/ul>\n\n\n\n<p>By launching USDG on Solana, Paxos is strengthening its position in the evolving stablecoin landscape. As the demand for digital payments grows, this expansion is poised to enhance financial accessibility and efficiency for users worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Dollar (USDG), the stablecoin issued by Paxos Digital Singapore, is expanding to the Solana blockchain, marking a significant step in its multichain strategy. The Global Dollar Network announced the expansion on February 25, making the U.S. dollar-pegged stablecoin available on Solana, which is known for its high-speed and low-cost transactions. USDG\u2019s Expansion to Solana&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[237,207,89],"class_list":["post-5819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-expansion","tag-partnership","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paxos Brings USDG to Solana, Boosting Stablecoin Utility - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/26\/paxos-brings-usdg-to-solana-boosting-stablecoin-utility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paxos Brings USDG to Solana, Boosting Stablecoin Utility - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Global Dollar (USDG), the stablecoin issued by Paxos Digital Singapore, is expanding to the Solana blockchain, marking a significant step in its multichain strategy. The Global Dollar Network announced the expansion on February 25, making the U.S. dollar-pegged stablecoin available on Solana, which is known for its high-speed and low-cost transactions. 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