Global Dollar Network stablecoin (Paxos), Solana-primary; fastest-growing.
Historical peg variance
Tight peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 7d ago
X Layer1.73B USDG60.3%
Solana649.8M USDG22.6%
Ethereum451.6M USDG15.7%
Ink37.7M USDG1.3%
Hyperliquid L1692.9K USDG0.0%
Metadata
Issuance
Backing & mint/redeem mechanics per the issuer.
Peg mechanismFiat-backed
KYC'ed users can mint and redeem USDG through paxos dashboard or through the Paxos API. USDG is redeemable 1:1 for US dollars.