Global Dollar

USDG Price

What is Global Dollar about?

Global Dollar (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.

Global Dollar (USDG) is issued by Paxos Digital Singapore (PDS), which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is issued in the EU by Paxos Issuance Europe Oy (PIE), an Electronic Money Institution regulated by the Finnish Financial Supervisory Authority (FIN-FSA). USDG is fully compliant with the EU’s Markets in Crypto Assets Regulation (MiCA).

USDG combines the stability and reach of US dollars with the added security and efficiency of blockchain technology. USDG is always available and accessible, offering high transfer speeds and programmability. USDG is always available for 1:1 redemption for US dollars, 24/7.

USDG's issuance will adhere to strict regulatory standards, including requirements for value stability, capital adequacy, redemption and par and comprehensive disclosure. Specific regulatory obligations include substantial capital reserve requirements, frequent regulatory examinations, monthly independent attestations of reserve assets, monitoring of operating procedures and annual audits of reserve assets. It also provides protection from bankruptcy by holding stablecoin reserve assets in segregated accounts held on trust by PDS for the benefit of USDG holders. 

USDG represents the pinnacle of regulated stablecoins, offering unparalleled stability, security and compliance in the rapidly evolving world of digital finance.

What makes Global Dollar unique?

USDG combines the stability and reach of US dollars with the added security and efficiency of blockchain technology. USDG is always available and accessible, offering high transfer speeds and programmability. USDG is always available for 1:1 redemption for US dollars, 24/7.

What's the history of Global Dollar?

Paxos Digital Singapore Pte. Ltd. (PDS), the issuer of USDG, has secured full approval from the Monetary Authority of Singapore (MAS) as a Major Payments Institution (MPI) to offer digital payment token services. This approval aligns USDG with MAS' forthcoming stablecoin framework, positioning it at the forefront of regulatory compliance. MAS, a globally recognized prudential regulator, is known for its robust oversight of stablecoins and commitment to stringent consumer protection standards.

What's next for Global Dollar?

USDG's issuance will adhere to strict regulatory standards, including requirements for value stability, capital adequacy, redemption and par and comprehensive disclosure. Specific regulatory obligations include substantial capital reserve requirements, frequent regulatory examinations, monthly independent attestations of reserve assets, monitoring of operating procedures and annual audits of reserve assets. It also provides protection from bankruptcy by holding stablecoin reserve assets in segregated accounts held on trust by PDS for the benefit of USDG holders.

What can Global Dollar be used for?

USDG represents the pinnacle of regulated stablecoins, offering unparalleled stability, security and compliance in the rapidly evolving world of digital finance.

Where can you buy Global Dollar?

USDG tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Global Dollar is Manifest, where the most active trading pair USDG/USDC has a trading volume of $27,637,965.76 in the last 24 hours. Other popular options include OKX and Kraken.

What is the daily trading volume of Global Dollar (USDG)?

The trading volume of Global Dollar (USDG) is $936,339,630.60 in the last 24 hours, representing a -3.50% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Global Dollar (USDG)?

Global Dollar (USDG) reached an all-time high of $1.65 and an all-time low of $0.9076. It’s now trading -39.60% below that peak and 10.20% above its lowest price.

What is the market cap of Global Dollar (USDG)?

Market capitalization of Global Dollar (USDG) is $3,254,383,929 and is ranked #35 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDG tokens (3.3 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Global Dollar (USDG)?

The fully diluted valuation (FDV) of Global Dollar (USDG) is $3,257,883,537. This is a statistical representation of the maximum market cap, assuming total number of 3.3 Billion ETH tokens are in circulation today.

How does the price performance of Global Dollar compare against its peers?

With a price decline of 0.00% in the last 7 days, Global Dollar (USDG) is underperforming the global cryptocurrency market which is up 10.60%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.60%.