Global Dollar Network

Global Dollar Network is an issuance and revenue-sharing network built around the USDG stablecoin, which is issued by Paxos Digital Singapore and Paxos Issuance Europe under Singaporean and EU frameworks respectively, pegged 1:1 to the dollar and backed by cash and short-term US Treasuries. The network returns the yield earned on reserves to members according to participation instead of keeping it with the issuer.

Mechanically, members include exchanges, wallets and payment firms that receive a share based on the USDG they hold and the circulation they bring, with shares reaching the full amount of reserve yield. Reserves are held by independent custodians and audited reserve reports are published monthly. On July 1, 2026 USDG launched natively on Robinhood Chain and serves as collateral in that chain's lending product; by July 21 of the same year the network had more than 150 members and roughly USD 3 billion in circulation. Members pass a compliance review before joining, and revenue settles to their addresses monthly.