Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure.
Mantle blockchain network has integrated Paxos' USDG stablecoin, making USDG the first stablecoin to be natively minted on Mantle. The Ethereum layer-2 network has also joined the Global Dollar Network as a partner, according to an announcement made on Thursday. This integration enables USDG to participate in the network's reward-sharing structure, alongside more than 150 other partners, such as Kraken and Robinhood.
As a member of the Global Dollar Network, Mantle can earn a portion of the rewards generated by USDG activity. USDG, issued by Paxos and regulated in Singapore and the European Union, boasts a market capitalization of approximately $3.18 billion, ranking it as the seventh-largest stablecoin tracked by DefiLlama. The stablecoin, along with others like Agora's AUSD, Ethena's USDe, and Tether's USDT, will be utilized across Mantle's DeFi applications and for institutional capital allocation.
In addition to USDG, Mantle has witnessed a 19% increase in tokenized real-world assets (RWA) value over the past 30 days, amounting to $234.2 million, as per RWA.xyz data.
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