Paxos Issues New Yield-Bearing Legally Compliant Stablecoin

CAT November 5, 2024 1 min read

Onose Enaholo

Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike other legally compliant stablecoins, USDG will distribute a large portion of the interest earned on reserves to market participants that help propagate the stablecoin network. Big names like Anchorage Digital, Galaxy Digital, Bullish, Nuvei, Kraken, Paxos, and […]

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Paxos Issues New Yield-Bearing Legally Compliant Stablecoin

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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