Mantle Adds USDG to Its Network

Mantle has integrated $USDG, a dollar-pegged stablecoin issued by Paxos, as one of the first natively minted stablecoins on its network. The integration also makes Mantle a Network Partner of the Global Dollar Network (GDN), which now has more than 150 partners and over $3 billion in $USDG circulation.

Mantle is an open financial network focused on bringing institutional assets on-chain. Paxos is a regulated blockchain infrastructure company focused on stablecoins and digital assets. Global Dollar Network is an ecosystem designed to expand the use of regulated dollar assets.

As part of the partnership, Mantle will join GDN’s reward-sharing structure. The model allows network partners to receive rewards linked to the adoption they help generate. Other participants include Robinhood and Kraken.

$USDG will become part of Mantle’s stablecoin infrastructure alongside AUSD by Agora, USDe by Ethena, USDY by Ondo and USDT0 by Tether. The network says its stablecoin TVL has reached $982 million, while RWA TVL has grown from about $22 million to around $240 million over the past year.

$USDG is backed by Paxos reserves and operates under regulatory oversight in Singapore and the European Union.

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