Global Dollar (USDG) is a US dollar-pegged stablecoin issued as an ERC-20 token on Ethereum and other MAS-approved public blockchains. It is fully backed by US dollars and redeemable 1:1 through Paxos Digital Singapore Pte. Ltd. (PDS), which operates under the forthcoming stablecoin framework set by the Monetary Authority of Singapore (MAS). USDG combines the accessibility, speed, and programmability of blockchain-based assets with the stability of fiat currency, making it useful for global users, especially those who are underbanked.

USDG offers key advantages over traditional fiat systems, including 24/7 availability on permissionless blockchains, access through any Ethereum-compatible wallet, and fast settlement times compared to traditional banking. Its smart contract foundation ensures automation, reliability, and flexibility for developers to build new products and services. USDG is fully collateralized with cash and cash equivalents held in segregated accounts, protecting users even in the event of Paxos insolvency.

What differentiates USDG from other stablecoins is the prudential regulatory oversight from MAS and its trusted banking relationship with DBS Bank, Southeast Asia’s largest and most secure bank. Paxos also brings deep industry experience, having issued over $120 billion in stablecoins like USDP and PYUSD under the New York Department of Financial Services, and now also issuing USDL under ADGM in Abu Dhabi.