Global Dollar

Global Dollar (USDG) is a US dollar stablecoin issued by Paxos and redeemable one-to-one for dollars. It is not a speculative asset in the usual sense; its job is to hold a steady value of about one dollar while moving across blockchains with the speed and programmability of a digital token.

What is Global Dollar?

USDG is a single-currency, fiat-backed stablecoin. It exists so that people and businesses can settle payments, park cash on-chain, or move between crypto positions without taking on price volatility. Because each token is claimed to be fully redeemable from Paxos, its value is meant to track the dollar rather than float with the market.

How does Global Dollar work?

Rather than relying on mining or staking, USDG's stability comes from reserves and regulation. Paxos Digital Singapore issues the token under supervision from the Monetary Authority of Singapore, and a separate European entity issues it in the EU in line with the MiCA framework. Reserve assets are held in segregated accounts on trust for holders, which is designed to protect balances even in a bankruptcy scenario. Independent monthly attestations and annual audits are meant to confirm that dollars back the tokens in circulation.

Global Dollar tokenomics and supply

A stablecoin has no fixed cap. Supply expands when users mint USDG by depositing dollars and shrinks when they redeem, so the roughly 3.03 billion tokens in circulation simply mirror current demand. There is no scarcity mechanism or issuance schedule to speculate on; the peg, not supply growth, is the entire point.

What is Global Dollar used for?

USDG is built for practical dollar movement:

• Payments and transfers that settle 24/7 without banking hours
• A stable base pair for trading on decentralized and centralized exchanges
• On-chain treasury and settlement across supported networks like Solana and Ethereum

Where to buy and store USDG

You can acquire USDG through exchanges and payment platforms that support it; our best crypto exchanges ranking helps you find venues with reliable dollar on-ramps. For holding, any wallet that supports the chains USDG runs on will work, and our best crypto wallets guide covers self-custody options.

Is Global Dollar a good investment?

A stablecoin is not designed to appreciate, so the relevant question is safety rather than upside. The main risks are peg stability, reserve quality and issuer solvency. USDG's regulated structure and attestation regime are meant to reduce those risks, but no stablecoin is entirely risk-free. This is informational only and not financial advice.