Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Paxos’s USDG stablecoin has launched natively on Mantle, making Mantle one of the first networks to support native minting of USDG. The integration also adds Mantle to USDG’s Global Dollar Network, where partners can share in rewards generated by USDG activity. USDG has a market cap of about $3.18 billion and is the seventh-largest stablecoin. It is issued by Paxos under regulatory frameworks in Singapore and the EU, with monthly reserve reports. Mantle said USDG will be used across its ecosystem for DeFi and institutional capital allocation. The network already supports other stablecoins such as AUSD, USDe, and USDT0, and has also seen growth in tokenized real-world assets, reaching $234.2 million in distributed RWA value, up 19% over the past month.
