Mantle Joins Global Dollar Network, USDG Launches

Mantle has announced its entry into the Global Dollar Network as a network partner, with the USD stablecoin USDG issued by Paxos now launched as one of Mantle's natively minted stablecoins. Mantle joins the reward-sharing system of GDN, which includes over 150 partners such as Robinhood and Kraken. The circulation of USDG has surpassed $3.5 billion and is regulated under the Monetary Authority of Singapore and the EU's MiCA framework. Mantle stated that USDG will complement its existing suite of institutional-grade assets, including AUSD issued by Agora, USDe issued by Ethena, USDY issued by Ondo, and USDT issued by Tether. Currently, Mantle's stablecoin TVL has exceeded $982 million, while RWA TVL has grown from approximately $22 million to about $240 million over the past year. The variety of on-chain tokenized assets has expanded to over 700 types, covering stocks, ETFs, commodities, government bonds, and asset-backed credit.

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