TheTechno Optimist.

Global Dollar (USDG)Paxos—Robinhood Chain launches with USDG as native token; adds $333M supply in first monthGlobal Dollar (USDG)Paxos—USDG and PYUSD add $314M combined market cap in 30 days; USDG reaches $3.4B

Paxos

Stablecoin issuer, USDG, PYUSD, blockchain infrastructure

US$2.4B private~306 staffest. 2012paxos.com (opens paxos.com)Checked 11 Oct

The brief

Analyst view
  • USDG reached $3.4B market cap by August 2026, growing $305M in one month.
  • Global Dollar Network includes 150+ partners; Robinhood Chain launched with USDG as native token.
  • Visa and Mastercard support USDG for payment settlement; OCC-regulated with monthly attestations.

Technical approach

As reported
Issuance

Regulated stablecoin minting

Paxos mints USDG with full USD backing in segregated accounts and attests reserves monthly to the OCC.

Network

Global Dollar Network distribution

USDG is the native token of the Global Dollar Network, with 150+ members. The network distributes reserve earnings.

Utility

Settlement and payment layer

Used for on-chain settlement and payments. Visa and Mastercard support it; Robinhood Chain uses it natively.

Primer