Mantle adds Paxos USDG stablecoin and joins Global Dollar Network

Mantle adds native USDG stablecoin to its Ethereum L2, boosting DeFi access Join Mantle’s Global Dollar Network integration and see what it means for users

Mantle has integrated Paxosissued USDG as a native stablecoin on its Ethereum layer2 network and joined the Global Dollar Network, according to a Thursday announcement. The move makes USDG one of the first stablecoins to be minted directly on Mantle. It also gives Mantle access to the network’s rewardsharing model, where partners can receive a portion of rewards generated by USDG activity. Paxos says USDG is regulated in Singapore and the European Union and publishes monthly reserve reports. The stablecoin has a market value of about $3.18 billion, placing it among the largest stablecoins tracked by DefiLlama. Mantle said USDG will be used across its ecosystem for decentralized finance applications and institutional capital allocation.