#Paxos Launches New Stablecoin: Global Dollar (#USDG )

Paxos, the company behind the popular stablecoin USDP, has introduced a new USD-backed #stablecoin called Global Dollar (USDG). This new stablecoin is designed to comply with 🇸🇬 Singapore's regulatory framework and will be issued by Paxos Digital Singapore.

DBS Bank, Singapore's largest bank, will be a key partner in managing USDG's reserves. 💪👀

This marks Paxos's second localized stablecoin offering, following the launch of #USDL in the UAE. With this expansion, Paxos continues to solidify its position as a leading player in the global stablecoin market. 💦 DYOR!