Sept. 26, 2025 – Global Dollar Network (GDN) today announced that its leading USD-backed stablecoin, Global Dollar (USDG), is now available on X Layer, an EVM layer 2 that empowers builders for a global, versatile onchain economy. This launch makes USDG the leading stablecoin available on X Layer. OKX customers can now deposit and withdraw USDG. 

USDG on X Layer offers users and developers a stable asset for transactions and liquidity to connect to a broad onchain economy. X Layer offers minimal costs, fast speeds and a vibrant community of builders, while USDG is: 

• Fully backed 1:1: USDG is a single-currency stablecoin pegged to the US dollar. USDG is fully redeemable from Paxos on a one-to-one basis for US dollars.

• Trusted and transparent: Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG, to ensure full transparency and reliability of financial data.

• USDG powers Global Dollar Network: GDN is the world's fastest-growing stablecoin network with unmatched economic upside.

Ronak Daya, Head of Product of Paxos, commented on behalf of Global Dollar Network:

“Bringing USDG to X Layer accelerates our vision of a truly multi-chain stablecoin ecosystem. X Layer's scalability and security, combined with OKX's global reach, creates powerful new opportunities to leverage USDG's transparent economics and accelerate adoption in DeFi, payments, and institutional use cases worldwide."

USDG powers Global Dollar Network and is also available on Solana, Ink and Ethereum. USDG is 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. USDG issued by Paxos Issuance Europe is not yet available on XLayer. For more information about Global Dollar Network and how to join, visit globaldollar.com.

About Global Dollar Network

Global Dollar Network is the world’s fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay and more.

About USDG in the EU

Paxos issues USDG in the EU through Paxos Issuance Europe OY ("PIE"). 

USDG is fully redeemable from Paxos on a one-to-one basis for U.S. dollars. All USDG token holders in the EU have a right of redemption against PIE at any time and at par value for USDG. Further information is available at paxos.com/eu, and the EU USDG White Paper is available at www.paxos.com/terms-and-conditions/usdg-eu-whitepaper. 

Contact information:

Email: support@paxos.com

Telephone: +358 4549 00 361

Note: USDG is available on Solana, Ink, XLayer and Ethereum.