Global Dollar (USDG)
Asset ID: 37
USDG is a stable digital asset designed to combine the reliability of the US dollar with the advantages of blockchain technology, such as fast transactions, global accessibility, and programmability. It is fully redeemable at a 1:1 ratio for US dollars at any time, 24/7.
The token is issued by Paxos Digital Singapore Pte. Ltd. (PDS), which is fully licensed by the Monetary Authority of Singapore (MAS) as a Major Payments Institution (MPI) to provide digital payment token services. This regulatory approval ensures USDG aligns with Singapore’s upcoming stablecoin framework and reflects strong compliance with one of the world’s strictest financial regulators.
USDG operates under rigorous regulatory standards, including requirements for price stability, sufficient capital reserves, redemption at par value, and full transparency. The issuer must maintain significant reserve backing, undergo regular regulatory inspections, provide monthly third-party attestations of reserves, follow strict operational oversight, and conduct annual audits.
Additionally, USDG is structured to protect users by keeping reserve assets in segregated trust accounts, ensuring they are legally separated from the issuer’s balance sheet and safeguarded in case of insolvency.
Overall, USDG is positioned as a highly regulated stablecoin offering strong stability, security, and compliance within the digital finance ecosystem.
Network: multichain
Category: Other
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