BitMart and Arculus Join Rapidly Growing Coalition, Including Anchorage Digital, Kraken, Galaxy, Robinhood and Paxos, Serving 42 Million Users Worldwide

GDN’s Innovative Model Fosters Revenue Sharing Across All Partners, Driving Demand for Participation Throughout the Industry

SINGAPORE – MAY 12, 2025 – Global Dollar Network (GDN), an open network dedicated to accelerating and rewarding global stablecoin adoption, today announced that it has grown to 25+ members, a critical milestone demonstrating the important role the network model plays in rapidly expanding reach of stablecoins worldwide. This major achievement underscores GDN’s rapid growth and increasing influence in reshaping the financial landscape through its US dollar-backed stablecoin, Global Dollar (USDG), which is supporting 42 million users around the world.

Launched in November 2024 by founding partners including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood, Global Dollar Network has quickly emerged as a leader in the stablecoin ecosystem. GDN boasts a diverse coalition of custodians, exchanges, payment fintechs, merchants, protocols, card networks, banks and investment platforms. From small to large institutions that span digital assets, crypto and fintech across a broad set of geographics, GDN partners are all united in their mission to drive mainstream adoption of USDG and innovate global money movement.

The 25+ member milestone highlights GDN’s appeal across industries. New members bring expertise in payments, blockchain infrastructure and financial services, further enhancing the network’s ability to support real-world use cases such as cross-border payments, remittances, treasury management and DeFi applications. Directed by a network advisory committee with representation from its partners, GDN continues to prioritize innovation and enterprise-grade standards.

“Global Dollar Network is rapidly changing the face of the stablecoin ecosystem, putting stablecoins into the hands of millions of users worldwide. With more than two-dozen partners and growing, our mission to reshape the global stablecoin landscape is quickly accelerating,” said Walter Hessert, Head of Strategy at Paxos, the issuer of USDG. “The rapid expansion of Global Dollar Network reflects the growing demand for a trusted, compliant stablecoin that delivers real economic benefits to its partners and users. Members and prospective members want to join GDN because legacy stablecoin models were not working for them. Together, we’re building a financial system that’s more accessible, efficient and inclusive for all.”

The current and quickly growing list of more than two dozen Global Dollar Network partners includes: AlfredPay, Anchorage Digital, Aquanow, Arculus, August Digital, Beam, BiLira Krypto, BitMart, Bitwyre, Bullish, Caliza, CoinMENA, FOMO Pay, Galaxy, Kraken, Noah, Nuvei, Orbital, Paribu, Paxos, PDAX, Rain, Rakkar Digital, Robinhood, Sling Money, WorldPay and Zodia Custody.

USDG, issued by Paxos Digital Singapore and substantively compliant with the Monetary Authority of Singapore’s (MAS) upcoming stablecoin framework, offers unparalleled stability and security. Unlike traditional stablecoin models, GDN’s unique economic framework distributes network revenue to partners based on their contributions, fostering collaboration and incentivizing widespread adoption. USDG is available on Solana, which expands accessibility and utility of USDG, driving stablecoin adoption for payments and finance at a global scale. This approach has resonated with enterprises seeking low-cost, safe and scalable digital currency solutions.

“Stablecoins are quickly becoming the connective tissue between traditional finance and the crypto economy,” said Mark Greenberg, Global Head of Consumer at Kraken. “The growth of the Global Dollar Network and its 25+ members reflects real momentum toward practical, global use of stablecoins like USDG. It’s a clear signal that we’re moving beyond theory — toward stable, scalable solutions that help people and institutions move money more efficiently across borders.”

As the stablecoin market continues its exponential growth — surging 50x in market cap over the past five years — GDN remains committed to addressing adoption challenges and unlocking new opportunities. The network invites innovative enterprises worldwide to join its mission, offering a platform to collaborate, generate revenue and shape the future of digital finance.

For more information about Global Dollar Network and how to join, visit globaldollar.com.

About Global Dollar Network

Global Dollar Network (GDN) is an open, distributed network of leading enterprises working to accelerate stablecoin adoption worldwide. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore, GDN offers a transparent and equitable economic model that rewards partners for their contributions. Founded by Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood, GDN is revolutionizing the financial system by making it more accessible and efficient for all. 

Note: USDG is available on Solana.