🚀 Paxos has launched USDG, a Singapore-compliant stablecoin backed by the US dollar and managed by DBS Bank. This marks Paxos' second localized stablecoin, following the UAE-regulated USDL. Approved by the Monetary Authority of Singapore, USDG is now live on Ethereum and will expand to other blockchains as regulations evolve. Paxos aims to drive global stablecoin adoption by partnering with crypto exchanges and wallets. With USDG, Paxos is set to make waves in the crypto world, ensuring stability and compliance. 🌍

Source: Paxos