cryptonews.net
Global Dollar Network (GDN) announced the launch of Global Dollar ($USDG) issued by Paxos on the Ink Blockchain – Layer-2 blockchain released by Kraken.
$USDG on Ink provides users and developers a stable asset for transactions, liquidity provision and interactions with many different DeFi applications.
Features of $USDG serving demanding onchain environments:
- Fully backed 1:1: Global Dollar ($USDG) is a single-currency stablecoin pegged to the US dollar. $USDG is redeemable from Paxos on a one-to-one basis for US dollars.
- Trusted and transparent: Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including $USDG, to ensure full transparency and reliability of financial data.
- Powerful integration: $USDG is designed for deep integration, offering native performance on Ink while maintaining its Ethereum compatibility for broader accessibility. $USDG is also available on Solana.
The launch of Global Dollar ($USDG) on the Ink Blockchain by Kraken provides a stable, transparent, and interoperable digital asset designed to support a wide range of onchain financial activities across multiple blockchain ecosystems.
Image: Global Dollar