Mantle Integrates Paxos’ USDG Stablecoin, Joins Global Dollar Network
The Ethereum layer-2 network Mantle has become one of the first blockchains to support native minting of the USDG stablecoin issued by Paxos. Announced Thursday, Mantle joined the Global Dollar Network as a partner, allowing it to participate in USDG's reward-sharing framework. USDG boasts a market capitalization of approximately $3.18 billion, ranking seventh among stablecoins, and operates under regulatory regimes in Singapore and the European Union with regular reserve attestations.
Native USDG Integration on Mantle and Joining Global Dollar Network
On Thursday, it was announced that Mantle became among the first networks to support native minting of the USDG stablecoin issued by Paxos. This integration enriched Mantle’s ecosystem and brought the network into the Global Dollar Network, which includes over 150 partners such as Kraken and Robinhood.
As part of this partnership, Mantle can earn a share of rewards generated from USDG activities, opening new opportunities to monetize the network and expand its financial ecosystem.
USDG Stablecoin Profile and Market Position
USDG is a stablecoin issued by Paxos with a market capitalization around $3.18 billion, making it the seventh largest stablecoin per DefiLlama tracking. USDG operates under regulatory frameworks in Singapore and the European Union, and Paxos regularly publishes monthly reports on its reserves, ensuring transparency and trustworthiness.
USDG Usage within Mantle’s Ecosystem alongside Other Stablecoins
USDG joins several other stablecoins already available on Mantle, including Agora’s AUSD, Ethena’s USDe, and Tether’s USDT0. USDG is intended for use across DeFi applications and institutional capital allocation on Mantle’s network.
Growth of Tokenized Real-World Assets on Mantle
Mantle has also seen recent growth in tokenized real-world assets (RWA). According to RWA.xyz data as of Wednesday, the distributed value of these RWAs on Mantle has reached $234.2 million, marking a 19% increase over the past 30 days. This trend reflects Mantle’s expanding role in bridging real-world assets with blockchain infrastructure.
Why it matters
The native integration of Paxos’ USDG stablecoin on Mantle and the network’s joining of the Global Dollar Network marks a significant milestone in expanding the capabilities of this Ethereum layer-2 solution. It provides users and institutional investors access to a well-regulated, substantial stablecoin and offers Mantle opportunities to earn a share of rewards generated by USDG activity. Additionally, the growth in tokenized real-world assets on the platform indicates Mantle’s increasing role in bridging traditional finance and decentralized markets. This development enhances Mantle’s appeal to DeFi participants and institutional players alike.
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