Gate Joins Global Dollar Network as Tier 1 Partner, Integrates USDG

Gate, serving 34 million users, joins Global Dollar Network by integrating USDG across Ethereum, Solana, and Ink, underscoring its commitment to regulatory compliance, financial transparency, and advancing global PayFi.

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Summary

Gate, a leading global crypto exchange, officially announced its participation in Global Dollar Network as a Tier 1 partner by integrating USDG, a fully backed US dollar-pegged stablecoin issued by Paxos. Available on Ethereum, Solana, and Ink, this move supports robust regulatory compliance and financial transparency, while contributing to broader efforts to accelerate stablecoin adoption and advance global PayFi and cross-border payments.

Terms & Concepts
  • USDG: A US dollar-pegged stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, fully backed 1:1 with U.S. dollars or equivalent liquid assets.
  • Stablecoin: A cryptocurrency pegged to a fiat currency, designed to maintain a stable value through full backing or collateralization.
  • PayFi: A digital financial ecosystem integrating payments and financial services using blockchain to bridge centralized and decentralized systems.