# Global Dollar Network

> The Global Dollar Network is a consortium of crypto firms promoting USDG stablecoin adoption, featuring a yield-sharing model and compliance with Singapore's re...

- Canonical URL: https://iq.wiki/wiki/global-dollar-network
- Categories: Projects & Protocols
- Created: 2025-04-11T19:03:36.771Z
- Last updated: 2026-06-08T23:05:33.532Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Global Dollar Network** is a collective of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) companies that promotes [stablecoin](https://iq.wiki/wiki/stablecoin) adoption, particularly focusing on the USDG [stablecoin](https://iq.wiki/wiki/stablecoin). The network combines major [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchanges and financial technology firms to create a regulated [stablecoin](https://iq.wiki/wiki/stablecoin) ecosystem across multiple blockchains. [\[3\]](#cite-id-F3dfRrtpF7)



## Overview

![](https://ipfs.everipedia.org/ipfs/QmSpggEkvtYB7StgpMigXYAnjSeNebRSjrP3JkbSnBL9Y8)

The Global Dollar Network is a consortium of major [crypto](https://iq.wiki/wiki/cryptocurrency) firms—including Robinhood, [Kraken](https://iq.wiki/wiki/kraken), [Paxos](https://iq.wiki/wiki/paxos), [Galaxy Digital](https://iq.wiki/wiki/galaxy-digital), [Bullish](https://iq.wiki/wiki/bullish), Anchorage Digital, and Nuvei—collaborating to promote the adoption of USDG, a [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Paxos](https://iq.wiki/wiki/paxos) out of Singapore. Designed to comply with the Monetary Authority of Singapore’s upcoming stablecoin regulations, USDG stands out by redistributing nearly all yield from its U.S. Treasury-backed reserves to participating companies based on their network growth and liquidity contributions. Unlike traditional [stablecoins](https://iq.wiki/wiki/stablecoin) such as [USDT](https://iq.wiki/wiki/tether) and [USDC](https://iq.wiki/wiki/usdc), which retain reserve interest for issuers, USDG’s model rewards infrastructure partners, not end users. The network aims to build a compliant, yield-sharing ecosystem, with DBS Bank as the initial banking partner for reserve custody and cash management. [\[2\]](#cite-id-2iVUHjtGTJ) [\[5\]](#cite-id-1O0d2FCpvs)

## USDG

![](https://ipfs.everipedia.org/ipfs/QmNgT2ca78g2m4it5kjjxiG4wkNNz26JKVKkTX8YWN9NCF)

Global Dollar (USDG) is a US dollar-[pegged](https://iq.wiki/wiki/currency-peg) [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Paxos Digital Singapore Pte. Ltd](https://iq.wiki/wiki/paxos). under Singapore's upcoming [stablecoin](https://iq.wiki/wiki/stablecoin) regulatory framework. Designed for payments, settlements, and treasury functions, it is redeemable 1:1 for US dollars and backed by cash and cash equivalents held in segregated accounts. USDG also supports [smart contract](https://iq.wiki/wiki/smart-contract) integration for [blockchain](https://iq.wiki/wiki/blockchain)-based applications.  [\[1\]](#cite-id-xetad95oNN) [\[4\]](#cite-id-FctzUgAQ9Y)

### Use Case

USDG offers various use cases, providing a flexible solution for different types of transactions. It can be used for seamless cross-border payments, offering faster and cheaper alternatives to traditional bank transfers, benefiting enterprises seeking to reduce transaction costs. Traders and investors can use USDG as a stable asset to avoid market volatility and maintain portfolio security. On [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) platforms, USDG is available as an [ERC-20](https://iq.wiki/wiki/erc-20) token, allowing users to [stake](https://iq.wiki/wiki/staking), lend, borrow, or use it as [collateral](https://iq.wiki/wiki/collateral) for [smart contracts](https://iq.wiki/wiki/smart-contract). Merchants can also accept USDG for payments, offering a low-fee alternative to credit card processing, while individuals can send remittances quickly and at a lower cost than traditional services. [\[6\]](#cite-id-qEMVQGH7uB)

## Backing

* Robinhood
* Alfred
* Sling Money
* Rain
* Noah
* [Dreyfus](https://iq.wiki/wiki/alexandre-dreyfus)
* Caliza
* [PAXOS](https://iq.wiki/wiki/paxos)
* Nuvei
* [Bullish](https://iq.wiki/wiki/bullish)
* DBS
* [Galaxy](https://iq.wiki/wiki/galaxy-digital)
* Anchorage Capital
* [Kraken](https://iq.wiki/wiki/kraken)
* Standard Chartered