Network Update
Global Dollar Network crosses 150 partners, $3B in circulation, and tens of millions in reward payouts
Global Dollar Network just crossed 150 partners, and USDG has surpassed $3 billion in market capitalization, while rewarding its members with tens of millions in USDG payouts.
The shape of a modern stablecoin is now clear: open, regulated, and built to share economics with the businesses that grow it.
Let’s take a look at where the Network stands today.
The network by the numbers
150+ enterprise partners building on USDG
$3 billion+ in circulation
Tens of millions+ paid to partners in USDG rewards (and growing every day)
Listed on major exchanges that reach 250M+ users globally
5 blockchains live, with more on the way
Regulated in two jurisdictions, under MAS and FIN-FSA supervision, and MiCA compliant
Where USDG reserve rewards go
For too long, stablecoin economics flowed back to a single issuer.
Global Dollar Network was founded in 2024 on a simple principle: Businesses that drive stablecoin adoption should earn a share of the economic rewards.
All USDG reserves are held in an actively managed portfolio in a mix of T-Bills, Money Market funds, and cash or cash equivalents. This early vision has led to GDN partners receiving up to 100% of the reserve rewards generated by the USDG balances on their platforms, plus additional rewards and incentives for the activity that expands the network.
To date, tens of millions of dollars in rewards have been distributed to Network partners. Explore the GDN Rewards Calculator to see what your business could be earning.
Market capitalization crosses $3B, tripling in the past seven months
Global Dollar Network is the world's fastest-growing stablecoin network, and USDG is matching the pace. Total circulation has crossed $3 billion, more than tripling in the past seven months as adoption spreads across the Network.
With more access comes more growth.
USDG is available on major exchanges and platforms around the world, including Kraken, OKX, and Robinhood, so people can hold, trade, and earn on the 1:1 backed stablecoin. You can find the full list of where to get USDG.
150+ partners across the network
GDN launched in late 2024 with seven partners in the Network.
Fast forward to today, and more than 150 enterprises have joined. The list spans global exchanges, banks, payment providers, custodians, and DeFi protocols.
The network includes some of the largest enterprises in the industry building with stablecoins. It’s open to anyone, has member-led governance, and is built to reward the partners who grow it.
Live on five chains, including Robinhood Chain
USDG is available across five blockchains: Ethereum, Solana, Ink, X Layer and Robinhood Chain.
The most recent expansion is Robinhood Chain, an EVM Layer 2 built on Arbitrum for tokenized assets and onchain finance, where USDG is the first stablecoin natively issued. It also powers Robinhood's new Earn product, an onchain, self-custodial way for customers to earn rewards on USDG.
USDG at work across DeFi
USDG is becoming a core asset across DeFi protocols on Ethereum, Robinhood Chain and Solana.
It is available through the Global Dollar Hub as a native asset on Aave V4, trades as fixed-rate and yield products on Pendle, helps users earn ~7% on Robinhood Earn through Morpho, and reaches institutional credit through Maple's syrupUSDG.
On Solana, USDG can be lent & borrowed against any major asset on Kamino or Jupiter Lend, earned as an automated staking reward on Marinade, and used to mint yield-bearing assets including OnRes’ ONyc and Solstice’s eUSX.
USDG's DeFi footprint is expanding quickly, adding new ways to lend, borrow, and earn with a regulated dollar.
Built on real regulation
USDG is the world’s most-regulated stablecoin, with a unique dual-regulatory oversight model.
It’s issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is also issued by Paxos Issuance Europe under the supervision of FIN-FSA and in compliance with MiCA. It is backed one to one by cash and cash equivalents, with independent reserve attestations published every month.
Add an economic model that rewards the partners who grow it, and USDG becomes a dollar enterprises can build on with confidence.
Join the Network
Global Dollar Network has spent more than a year and a half live and in production, with growing volume onchain, rewards flowing to partners daily, and real regulatory oversight.
The network is open, and it is growing fast. To put a regulated dollar to work on your platform and join a network of 150+ partners, get in touch at globaldollar.com.
