Global Dollar Price

Global Dollar (USDG) sets itself apart from traditional and legacy stablecoins through several distinctive factors:

• Economic Model for Partners: USDG powers the Global Dollar Network (GDN). Unlike traditional stablecoins where the issuing entity retains the vast majority of reserve revenues, GDN allows participating enterprise partners to receive up to 100% of the returns generated by the backing reserve assets held on their platforms, earning additional incentives for minting, holding, and driving adoption.
• Prudential Regulatory Standards: USDG is designed to meet strict global regulatory frameworks, including MAS supervision in Singapore and full MiCA compliance in the EU, ensuring bankruptcy-remote asset segregation.
• Advanced Solana Token Extensions: On Solana, USDG utilizes native Token Extensions such as Permanent Delegate, Confidential Transfers, and Transfer Hooks, integrating compliance and privacy rules directly into the token level without external smart contracts.
• Ecosystem Backing: It is supported by a coalition of global leaders including Paxos, Robinhood, Kraken, Mastercard, Worldpay, and SwissBorg.

The cryptocurrency Global Dollar (USDG) provides several utilities across payments, DeFi, and enterprise operations:

• Enterprise Revenue Sharing: Serves as the core asset of the Global Dollar Network, allowing network partners to earn rewards and recurring revenue for minting, holding, and accepting USDG.
• Payments and Settlements: Functions as a 24/7 stable payment asset, allowing users to send, receive, and settle transactions within minutes worldwide without relying on traditional banking hours.
• DeFi and Trading Dry Powder: Acts as an interoperable building block for decentralized applications, trading pairs, and capital deployment.
• Smart Cash Rewards: On platforms like SwissBorg, holding USDG allows users to participate in the Smart Cash programme to earn loyalty rewards (in locked BORG) while keeping their digital dollars 100% liquid for routine investing (Auto-Invest), dip-buying (Trigger Orders), or everyday spending with payment cards.

According to its whitepaper, Global Dollar (USDG) promises:

• Full 1:1 Backing & Redemption: Operates under a non-fractional reserve model where tokens are minted only when corresponding fiat enters reserves and burned immediately upon redemption. Redemption for USD is guaranteed 1:1, processing direct fiat redemptions within a maximum of T+5 business days (with most handled in less than a day).
• High-Quality Segregated Reserves: Backing reserves are segregated on trust for token holders and limited to cash deposits, short-term debt securities (≤ 3 months residual maturity, rated minimum "AA-"), overnight reverse repurchase agreements overcollateralized by US Government securities, and institutional stable NAV US Government Money Market Funds.
• 24/7 Global Availability: Continuous transferability and accessibility across supported public Layer-1 and Layer-2 blockchains approved by the MAS.
• Strict Auditing and Surveillance: Monthly independent public attestations, annual reserve audits, code audits by independent security firms, and continuous on-chain monitoring and fraud surveillance by Chainalysis.

Global Dollar (USDG) was created and issued by Paxos, a regulated financial infrastructure firm that has been issuing asset-backed tokens since 2018. Depending on jurisdiction, it is issued through Paxos Digital Singapore (PDS) and Paxos Issuance Europe Oy (PIE), and backed by a founding coalition of global partners forming the Global Dollar Network, including Kraken, Robinhood, Mastercard, Worldpay, and SwissBorg.

Paxos and its partners created USDG to address key shortcomings in the stablecoin sector: traditional issuers typically keep almost all interest and reserve revenue while the platforms driving adoption receive little economic benefit. USDG aligns incentives by distributing reserve economics back to enterprises, while delivering an institutional-grade, fully compliant, and prudentially regulated stablecoin to consumers and businesses worldwide.

You can use the Global Dollar (USDG) token across various environments:

• Holding and Transferring: Store and transfer USDG using any compatible crypto wallet on supported networks, including Ethereum (as an ERC-20 token) and Solana.
• Trading and Investing: Deploy USDG on exchanges like SwissBorg as dry powder to trade into other cryptocurrencies, set up Auto-Invest recurring plans, or place automated Trigger Orders without letting cash sit idle.
• Earning Rewards with Smart Cash: In the SwissBorg app, users can opt in to the USDG Smart Cash programme to earn monthly BORG loyalty rewards on liquid balances without lock-ups or cooldowns.
• Spending: Allocate your balance toward everyday payment card transactions.
• Direct Fiat Redemptions: Eligible users can redeem USDG 1:1 directly for US dollars via Paxos 24/7.

Global Dollar can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Global Dollar aims to address key systemic challenges within the stablecoin market:

• Unfair Revenue Distribution: In legacy stablecoin ecosystems, issuers retain almost all revenue generated by reserve assets, leaving the enterprises and exchanges that actually drive network adoption with minimal upside.
• Regulatory Uncertainty and Risk: Many existing stablecoins operate outside prudential supervision or lack transparent, bankruptcy-remote backing. USDG solves this by complying with rigorous regulations like the EU's MiCA framework and MAS guidelines, ensuring reserves are segregated on trust.
• Slow and Siloed Financial Infrastructure: Traditional cross-border fiat settlements take days and operate solely during banking hours. USDG provides 24/7, near-instant settlement and programmability across public blockchains.

Yes. Global Dollar's smart contract code is open-source and publicly hosted on GitHub in the paxosglobal/usdg-contract repository. Furthermore, its smart contract code is viewable on Etherscan and has been audited by independent third-party cybersecurity firms, including Zellic and Trail of Bits.

USDG tokens are generated through a centralized minting process managed directly by Paxos:

• Non-Fractional 1:1 Minting: Tokens are minted exclusively when corresponding fiat currency or cash equivalents are deposited into Paxos' segregated reserve accounts.
• Role-Based Supply Control: On-chain minting and burning are governed by a dedicated SupplyControl contract. Only authorized addresses assigned the SUPPLY_CONTROLLER_ROLE can mint or burn USDG. These supply controllers can also be configured with rate limits to restrict how many tokens can be minted over specific time frames.
• Burning on Redemption: When users redeem USDG for US dollars, the corresponding tokens are burned immediately from circulation.

USDG achieves high scalability and rapid settlement times by deploying directly on high-throughput Layer-1 and Layer-2 networks:

• Multi-Chain Deployment: While originally issued on Ethereum (where settlement occurs within minutes), USDG is also deployed on high-performance networks like Arbitrum One and Solana.
• Solana Token Extensions: On Solana, USDG leverages native Token Extensions, offering fast, scalable, and low-cost transfers without needing external smart contracts.
• Fiat Settlement Speed: For users redeeming tokens directly for fiat through Paxos, redemptions take a maximum of T+5 business days, with the vast majority completed in under a day.

USDG is governed through a centralized, regulated institutional framework paired with on-chain role protections:

• Multisignature Governance: Critical administrative roles on the smart contract (DEFAULT_ADMIN_ROLE, PAUSE_ROLE, ASSET_PROTECTION_ROLE, and SUPPLY_CONTROLLER_MANAGER_ROLE) utilize multisignature contracts. To guard against unilateral control, any contract changes require a quorum of signers physically present in the same location.
• Regulatory Oversight: Token issuance and reserve management are governed under the oversight of prudential regulators—the Monetary Authority of Singapore (MAS) and the Finnish Financial Supervisory Authority (FIN-FSA).
• Asset Protection and Pausing: Paxos maintains a PAUSE_ROLE to halt token transfers and approvals in the event of critical security threats, as well as an ASSET_PROTECTION_ROLE that can freeze, unfreeze, or wipe balances if legally required by competent authorities.

The long-term vision for Global Dollar and the Global Dollar Network is to accelerate global stablecoin adoption and create an inclusive, efficient, and accessible financial system.

By uniting enterprise leaders—such as Paxos, Kraken, Robinhood, Mastercard, Worldpay, and SwissBorg—into an open and transparent network, GDN aims to shift the stablecoin landscape from one dominated by monopolistic issuers toward a collaborative ecosystem where economic rewards are distributed fairly to the platforms generating real adoption, liquidity, and use cases.