Global Dollar Price (USDG)

Global Dollar (USDG) Token Price Now

Global Dollar price today is $0.9997 with a 24-hour trading volume of $2,313.57. USDG price is down -0.07% in the last 24 hours. It has a total supply of 10.75Mil.
In order to search for real-time and historical information about Global Dollar (USDG) blockchain, including data related to blocks, transactions, addresses, and more, you may use Global Dollar (USDG) block explorers. Here are some of the most popular and useful Global Dollar (USDG) blockchain explorers out there:

• etherscan.io

What Is Global Dollar(USDG)?

Global Dollar (USDG) is a single-currency stablecoin (SCS) pegged to the US dollar. USDG is initially issued as an ERC-20 token on the Ethereum blockchain and other permissionless layer 1 and layer 2 blockchains that are approved by MAS. USDG is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is compliant with the Monetary Authority of Singapore's (MAS) forthcoming stablecoin framework. It is available for purchase and fully redeemable from Paxos on a one-to-one basis for US dollars (1 USDG = 1 USD).  

What Are the Features of Global Dollar(USDG)?

As a US dollar-backed stablecoin, USDG offers all the benefits of fiat-backed stablecoins, such as:

• Availability: USDG is issued on Ethereum and other public permissionless blockchains approved by MAS. It is therefore always available to its users, even when traditional banks and payment rails are not; USDG can be moved at any time.
• Accessibility: Anyone with an Ethereum compatible wallet can send or receive USDG. This effectively democratizes access to the US dollar among people traditionally unbanked and underbanked by today's financial system. People who in the past could only access highly volatile currencies can now access US dollars.
• Speed: Sending USDG on the Ethereum and other high speed networks usually takes minutes to settle, compared to potential days for fiat movements using the traditional financial infrastructure.
• Programmability: All transactions operate according to the rules of a smart contract, either on Ethereum following the ERC-20 protocol or on other MAS approved protocols. Because of this smart contract, transactions eliminate human error and the system operates only as programmed. Additionally, USDG can be used as an interoperable building block for open-source smart contracts, enabling developers to create new use-cases, products and services with USDG.  
• Stability: USDG is pegged to the US Dollar and is always eligible for redemption on a one-to-one basis for US dollars from Paxos. USDG's cash and cash equivalent reserve assets are held in segregated accounts that protect users' assets in the unlikely event of Paxos insolvency. This gives USDG holders the convenience and access of digital assets without sacrificing stability or consumer protection

What Are the Benefits of Global Dollar?

USDG also offers distinct benefits, as it is differentiated from other USD-backed stablecoins in a few notable ways:

• Prudentially-regulated issuer: Paxos Digital Singapore Pte. Ltd. (PDS), the entity issuing USDG, received full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services as a Major Payments Institution (MPI) 5 . The approval enables PDS to issue USDG in line with MAS' forthcoming stablecoin framework 6 . MAS is a globally-recognized prudential regulator with a strong framework in place for overseeing stablecoins. MAS is known internationally for its top-tier status and commitment to maintaining high standards of consumer protection.
• Banking partners: At launch, DBS Bank is the primary banking partner for cash management and the custody of USDG reserves. DBS is Southeast Asia's largest bank by assets, named the Safest Bank in Asia for 15 consecutive years by Global Finance 7 and has been recognized as a leader in banking innovation. DBS is an ideal partner for USDG as the company builds and launches cutting-edge, secure and regulated financial solutions. Other stablecoins do not offer the same level of rigor or protection.
• Experience issuing PayPal USD under New York Department of Financial Services regulation and New York banking laws: Paxos has years of experience as a stablecoin issuer, having minted over $120B in stablecoin since 2018 and is regulated by top regulatory regimes. In 2015, the New York State Department of Financial Services granted Paxos Trust Company, LLC (PTC) a L Trust charter and continues to regulate PTC and Paxos' issuance of USDP and PYUSD stablecoins under New York banking law. In 2024, Paxos International received a Financial Service Permission from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) to issue US dollar-backed stablecoins 8 , and currently issues Lift Dollar (USDL).

How does Global Dollar(USDG) Works?

The USDG token is deployed on the Ethereum blockchain as an ERC-20 token and on other approved blockchains utilizing the most widely used token standards on their respective. blockchains, which means that supporting exchanges and 3rd party applications already have built-in support for viewing and transferring USDG. 1 USDG is issued or redeemed in exchange for 1 US dollar. USDG tokens are programmatically minted and burned by Paxos Digital Singapore when funds are moved to a reserve bank account. All other USDG transactions operate according to the rules of the USDG smart contracts following the ERC-20 and approved blockchain protocols. The USDG smart contracts are audited by leading, independent third-party smart contract auditors to ensure that the code is sound and operates as intended and advertised. The USDG smart contract can be found on Etherscan , so anyone can verify that the code will operate as Paxos has described.  

USDG is fully redeemable from Paxos on a one-to-one basis for US dollars (1 USDG = 1 USD). Upon redemption, USDG tokens are immediately removed from the supply and burned. USDG tokens exist only when PDS has custody of the corresponding US dollar or cash equivalent. The mint operation requires the requisite amount of US dollars in the USDG reserve account before PDS mints USDG tokens. To remove USDG from the USDG reserve account, PDS must first burn the requisite USDG.

Where Can You Buy Global Dollar(USDG)?

Investing in Global Dollar can seem complicated, but it is much easier when you buy Global Dollar through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Global Dollar — both for fiat money and other cryptocurrencies. Some of the most popular Global Dollar cryptocurrency exchange are:

• Kraken

Please check Global Dollar(USDG) token address If you want to buy or sell Global Dollar(USDG) on dex exchange. Beware of scams!
Click here to view Global Dollar(USDG) price in different crypto exchanges.

Global Dollar (USDG) Community

• Twitter: https://x.com/global_dollar

What is Global Dollar (USDG) Contracts address?

• Ethereum: 0xe343167631d89B6Ffc58B88d6b7fB0228795491D