Mantle launches Paxos-issued USDG and joins Global Dollar Network

  • Mantle integrated Paxos-issued USDG as a natively minted stablecoin and joined Global Dollar Network.
  • Mantle reports $982 million in stablecoin TVL and around $240 million in RWA TVL.
  • Global Dollar Network has more than 150 partners and over $3 billion in USDG circulation.

Mantle has integrated Paxos-issued USDG as one of the first natively minted stablecoins on its network and joined the Global Dollar Network, which has more than 150 partners and over $3 billion of USDG in circulation. The partnership places Mantle in GDN’s reward-sharing model, under which network partners can receive rewards linked to the adoption they generate. USDG joins Agora’s AUSD, Ethena’s USDe, Ondo’s USDY and Tether’s USDT0 in Mantle’s stablecoin infrastructure. Mantle says stablecoin total value locked has reached $982 million and real-world-asset TVL has grown from about $22 million to around $240 million over the past year. USDG is backed by Paxos reserves and operates under regulatory oversight in Singapore and the European Union.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.