Paxos’ USDG stablecoin has accumulated $929.2 million in deposits across decentralized finance platforms. Launched in November 2024, the token now has a total circulation exceeding $3 billion, with nearly 30% deployed in DeFi protocols. The Global Dollar Network, which operates a revenue-sharing model, has grown to over 150 partners and has distributed tens of millions of dollars in rewards. USDG is backed 1:1 by US dollars and high-quality liquid assets, with monthly attestation reports published by Paxos. The token is integrated with notable DeFi protocols including Aave V4 and Maple Finance.
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