Global DollarUSDG

Global Dollar (USDG) is a stablecoin designed to keep a steady value of one US dollar. It is issued by Paxos Digital Singapore, which is supervised by the Monetary Authority of Singapore (MAS), and it launched in November 2024 on Ethereum. In July 2025, it also became available in the European Union under the Markets in Crypto-Assets (MiCA) rules, where it is issued by Paxos Issuance Europe, a company regulated by Finland's financial supervisor. USDG is at the center of the Global Dollar Network, a group of companies that promote its use.

Paxos says each USDG token is backed by US dollar deposits, short-term US government securities and other cash equivalents, and that tokens can be redeemed one-for-one for dollars. DBS Bank in Singapore is the main banking partner for holding the cash reserves, and Paxos publishes regular reserve reports. Like any attestation, these confirm the reserves at a given date and are not a full audit.

The Global Dollar Network launched with Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood as its first partners, and other companies, including Worldpay and Mastercard, joined in 2025. According to Paxos, partners receive a share of the income from USDG's reserves according to how much they contribute to the use of the token.

USDG is used for payments, trading and settlement on crypto platforms and by fintech companies that are part of the Global Dollar Network. It is available on several blockchains, including Ethereum and Solana, and partners such as exchanges and payment companies integrate it into their services.

USDG has no fixed maximum supply. The issuer creates new tokens when dollars are deposited and removes tokens when they are redeemed, so the supply follows demand. The current circulating supply is shown at the top of this page.

USDG is designed to trade at $1, so its price chart looks very different from a typical crypto chart. Small deviations of a fraction of a cent are normal, and the six timeframes on the chart help show how closely it tracks the dollar over time.

Cointelegraph's Global Dollar price index gives you the current USDG to USD price and the numbers behind it: market cap, 24-hour volume, supply and the 24-hour and 52-week price range. Use the USDG to USD converter for quick calculations, and follow our stablecoin coverage for news on reserves, regulation and issuance.