What is Global Dollar?

Global Dollar (USDG) is a stablecoin designed to be pegged to the US dollar, issued by Paxos Digital Singapore, which is regulated by the Monetary Authority of Singapore. Additionally, USDG is issued in the EU by Paxos Issuance Europe Oy, an entity regulated by the Finnish Financial Supervisory Authority. USDG complies with the EU’s Markets in Crypto Assets Regulation.

USDG provides a mechanism for one-to-one redemption for US dollars at any time and places emphasis on regulatory compliance, including capital reserve requirements and independent attestations of reserves. The project aims to maintain consumer protection by holding reserve assets in separate accounts managed in trust for USDG holders.