Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood partners to launch the Global Dollar Network

Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood join forces to launch a new stablecoin network - #GlobalDollarNetwork . The Global Dollar Network aims to drive global stablecoin adoption and encourage new use cases for the $USDG stablecoin. Issued by Paxos Digital Singapore Pte. Ltd., $USDG aims to enhance global stablecoin adoption, particularly among regulated institutions.

Singapore's DBS Bank will hold custody of $USDG reserves. The token is currently available on #Ethereum $ETH , with plans to launch on other blockchains soon.

👉 theblock.co/post/324413/anchorage-digital-bullish-galaxy-digital-kraken-nuvei-paxos-and-robinhood-partner-to-introduce-global-dollar-network