Global Dollar (USDG) by Paxos: status and timeline

Global Dollar (USDG)

Provide a neutral, globally accessible USD stablecoin for on-chain settlement and payments with incentive alignment across institutional and retail participants.

ScalingStage 5 of 5

$3.4B market cap (August 2026); on Ethereum, Robinhood Chain; supported by Visa, Mastercard.

Updated Aug 2026Checked 11 Oct0 updates this week

Milestones

No announced next step

Global Dollar Network founded with 7 membersNov 2024Complete.
USDG launches in European Union with MICA compliance1 Jul 2025Complete.
Visa announces support for USDG and PYUSD payment settlement31 Jul 2025Complete.
Robinhood Chain launches with USDG as native token1 Jul 2026Complete.
Mastercard joins Global Dollar Network24 Jun 2025Complete.

Most important updates

Current obstacles

Competition from other stablecoinsUSDC, USDT and other USD stablecoins are already well-established with large liquidity pools.

Physics limits

Stablecoins are not interest-bearingUnlike traditional bank deposits, stablecoins do not earn yield unless integrated into a yield-bearing protocol.

How it works

3 parts

Minting

USD-backed minting

Paxos mints USDG 1:1 to USD deposits in segregated accounts. OCC attests reserves monthly.

Distribution

Global Dollar Network

150+ members distribute USDG and share reserve earnings. Members can mint, redeem, and redistribute.

Settlement

24/7 on-chain payments

Enables 24/7 settlement. Visa and Mastercard support it for payment settlement. Robinhood Chain uses it natively.

Spec sheet

Spec	Global Dollar (USDG)
Market capitalization (August 2026)	$3.4B^R (reported)
Market cap growth (30 days, August 2026)	$305M^R (reported)
Supply on Robinhood Chain (July)	$333M^R (reported)
Global Dollar Network partners	150+^R (reported)

^R reported by the company

Update log

6 updates

About Paxos

The team behind Global Dollar (USDG)

Paxos

Stablecoin issuer, USDG, PYUSD, blockchain infrastructure

Paxos is a regulated blockchain infrastructure company and national bank charter that issues Global Dollar (USDG) and PayPal USD stablecoins. USDG is used in the Global Dollar Network with 150+ partners.

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.

paxos.com (opens paxos.com)Company profile →

Founded: 201214 yrs
Headquarters: United States
Status: Private
Valuation: $2.4BprivateAug 2026
Staff: ~306
Works in: CryptoStablecoins & tokenization
Coverage: 1 program · 6 updateslatest 1 Aug 2026checked 11 Oct
Partners: Robinhood (opens robinhood.com)Kraken (opens kraken.com)Mastercard (opens mastercard.com)Visa (opens visa.com)

Global Dollar (USDG)

Milestones

Most important updates

Current obstacles

Physics limits

How it works

USD-backed minting

Global Dollar Network

24/7 on-chain payments

Spec sheet

Update log

Aug 2026

Wed 1 Jul

Thu 31 Jul 2025

Tue 1 Jul 2025

Tue 24 Jun 2025

Nov 2024

About Paxos

Current obstacles

Physics limits

How it works

USD-backed minting

Global Dollar Network

24/7 on-chain payments

Spec sheet

Update log

Aug 2026

Wed 1 Jul

Thu 31 Jul 2025

Tue 1 Jul 2025

Tue 24 Jun 2025

Nov 2024

About Paxos