Paxos-issued USDG stablecoin has reached a $3.2 billion market cap as of early October 2026, representing a 340% increase over the past year. OKX’s X Layer network holds approximately $1.51 billion in USDG, followed by Robinhood Chain with $703 million and Solana with $631 million. Trading volume on Uniswap reached $21.8 billion in September 2026. USDG launched natively on Arbitrum One on October 6, 2026. The stablecoin is backed 1:1 by US dollar cash and equivalents, with monthly attestations published by Paxos.
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