SwissBorg Joins Global Dollar Network: Supporting USDG
Dan Stokes
Community Growth Fish
SwissBorg is proud to announce our partnership with Paxos and Global Dollar Network (GDN) as a launch partner for USDG - a trusted USD-backed stablecoin, now MiCA-compliant, live in the EU, and available in your SwissBorg app.
We join an impressive network of leading partners including Kraken, Robinhood, Mastercard, and Worldpay in supporting USDG and accelerating the next era of stablecoin adoption.
As one of the first platforms to offer this innovative new stablecoin, the SwissBorg Meta-Exchange (MEX) will support USDG on the Solana network. This milestone brings our community seamless and secure access to a globally compliant, dollar-backed token.
What is USDG?
USDG is a next-generation USD-backed stablecoin issued by Paxos and supported by a global network of market leaders including Kraken, Mastercard, Robinhood, Worldpay, and now SwissBorg. It is fully compliant with the EU's Markets in Crypto-Assets (MiCA) regulation and is supervised by trusted financial regulators including FIN-FSA (Finland) and the Monetary Authority of Singapore (MAS).
"As demand for stablecoins continues its rapid ascent, Paxos is incredibly proud to introduce USDG to the European market,” said Walter Hessert, Head of Strategy at Paxos, the issuer of USDG. “USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU, a testament to our commitment to offering global digital assets that are supervised by prudential regulators and also meet the highest standards of consumer protection. We're excited to partner with some of the leading players in Europe to bring this leading standard of compliance to more than 450 million consumers in the European Union.” [Source - Global Dollar Network]
[Source - Global Dollar Network]
Paxos is a global leader in stablecoin issuance, having minted over $160B in stablecoins since 2018 under the oversight of top regulatory bodies. They also publish monthly reserve reports for USDG and all Paxos-issued stablecoins - ensuring full transparency and trust.
What is Global Dollar Network?
USDG powers Global Dollar Network, an open and transparent ecosystem designed to accelerate real-world stablecoin adoption through robust regulation and strong institutional support.
GDN is transforming the financial system to be more inclusive, efficient, and accessible - backed by a growing coalition of industry leaders.
USDG Incorporates the Latest Technology From Solana
[Source - Global Dollar Network]
USDG isn’t just another new stablecoin, it’s built for the future with the latest Solana token features including Token Extensions.
By incorporating Token Extensions, USDG gains powerful features directly at the token level, enabling compliance, privacy, and programmability without relying on external smart contracts.
Out of the box, USDG offers benefits including: Permanent Delegate for built-in regulatory compliance, Confidential Transfers to protect transaction privacy while remaining auditable, and rich Metadata for seamless integration with wallets. Additional extensions include Transfer Hooks, and Mint Close Authority.
Fast, transparent, and flexible - USDG shows how the future of stablecoins is being built on Solana.
What USDG Means for the SwissBorg Community
By supporting USDG, SwissBorg continues its mission to offer world-class access to the very best in decentralised finance:
- Direct USDG access: Swap between USDG on the Solana network and any other supported asset, seamlessly without the need for bridges, gas tokens, or technical complexity required
- Class-leading cash on/off-ramps: Buy and sell USDG using 16+ fiat currencies (EUR, GBP, CHF and more), including with payment cards and Apple or Google Pay
- Regulated & reliable: USDG is fully backed by cash and cash equivalents, issued under MiCA compliance and with FIN-FSA and MAS supervision.
SwissBorg is committed to helping USDG become a core component of a more efficient and accessible financial future - bringing powerful new tools to users in the EU and beyond.
Stay tuned. The Global Dollar era with SwissBorg has just begun.
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