Every market that moves onchain arrives with the same question: which dollar will it use for settlement? Mantle has spent the past year becoming one of the most active venues for tokenized capital markets, and it now has an answer: USDG.

Global Dollar is now available on Mantle as one of the network's first natively-issued stablecoins.

Mantle: The Open Financial Network for Institutional-grade Capital

Mantle is an Ethereum layer 2 network built to connect traditional finance with onchain markets. It's designed to move money faster and more cheaply than Ethereum's base layer, while remaining EVM-compatible so existing Ethereum tooling and applications can deploy on it directly.

Where Mantle has differentiated itself is in real-world assets. Through the first half of 2026, the network positioned itself as the open financial network connecting global market participants to institutional-grade capital market assets onchain. It is growing from $22M to roughly $240M in RWA TVL in just a year and expanded to more than 700+ tokenized equities on the network , including tokenized SpaceX shares and a tokenized version of Franklin Templeton’s U.S. Equity Index ETF. Mantle also runs a treasury of more than $2 billion in community owned assets, which it uses to fund ecosystem development and support liquidity for partners.

That combination of institutional-scale liquidity plus a growing library of tokenized products is what makes native stablecoin issuance matter to Mantle. Every tokenized fund, every lending market, and every settlement flow on the network needs a dollar to move through. 

USDG becomes that dollar.

What native USDG issuance brings to Mantle

USDG is issued by Paxos and built for enterprises, making it a great settlement asset for high-volume networks. On Mantle, USDG carries the same core features it does everywhere else:

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

• Native performance: USDG is issued directly on Mantle while remaining Ethereum-compatible for broader accessibility. It is also available on Ethereum, Solana, Ink, X Layer and Robinhood Chain.

• Trusted and transparent: Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG, so reserve composition and backing stay verifiable.

• Reward-sharing built in: USDG shares reserve income with the network participants who drive its adoption.

Mantle's connection to USDG signals that major asset on-chain now carries a clear regulatory standing. USDG will serve as the regulated dollar and institutional-grade asset across Mantle's ecosystem from DeFi utilities to capital allocation for institutions, moving Mantle closer to being an open financial network that can connect institutional grade assets without borders to users. For developers building on Mantle, that means a fully-backed dollar for settlement and liquidity that comes with GDN's economics attached, rather than a stablecoin bolted on as an afterthought.

Powering Global Dollar Network

USDG powers Global Dollar Network, which has grown to more than 150 partners with nearly $3.5 billion of USDG in circulation. Mantle joins the network as a partner, bringing USDG deeper into RWA finance. 

Mantle's tokenization push is still accelerating, and every new product the network lists will need a dollar underneath it. USDG now fills that role.

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About Global Dollar Network

Global Dollar Network is an open network designed to accelerate and reward global stablecoin adoption. It is powered by Global Dollar (USDG), a stablecoin issued by Paxos Digital Singapore Pte. Ltd. and Paxos Issuance Europe Oy.

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. Further information is available at paxos.com/eu.

About Mantle

Mantle is the open financial network powering borderless access to global capital markets, connecting global market participants to institutional-grade capital market assets onchain. Mantle brings the full lifecycle of real-world assets onchain, from issuance and liquidity to distribution and settlement, spanning tokenized equities, treasury yield, private credit, commodities, and money markets. Anchored by one of the largest community-owned treasuries in the industry, Mantle combines credibility, deep liquidity, and institutional-grade infrastructure to support real-world finance onchain.

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