USDG, Paxos’s Global Dollar stablecoin, reached roughly $333 million in market capitalization on Robinhood Chain by the end of July 2026 after adding $93.9 million in 30 days and exceeding $178 million in issuance during the network’s first week. Robinhood’s Earn product supports demand with roughly 7% APY through self-custodial lending routed via Morpho vaults, while Aster enables users to transfer USDG from Robinhood wallets for perpetuals and spot trading without KYC verification. Robinhood Chain launched on July 1, 2026, as an Arbitrum-based Ethereum Layer 2 focused on tokenized assets and on-chain finance. Paxos backs USDG 1:1 with cash and high-quality liquid assets, primarily U.S. Treasuries, publishes monthly reserve attestations, and operates under regulatory oversight in Singapore and Europe. Paxos Labs’s Amplify Transit facilitated close to $30 million in conversions between USDG and other stablecoins during its first two weeks, while USDG liquidity on Uniswap reached $8.5 million within one week of launch.