🎉 Breaking News: Paxos and pals, including Robinhood and Kraken, have launched the USDG stablecoin, aiming to shake up the stablecoin scene! This new "open network" is set to make stablecoins as common as cat memes, starting with Ethereum and expanding as regulations allow. Backed 1:1 by the US dollar and managed by DBS Bank, USDG is ready to take on the big guys, USDT and USDC, in a market where they currently reign supreme. With the support of Singapore's regulatory framework, the Global Dollar Network is inviting qualified entities to join the stablecoin party.