Paxos-issued USDG has launched natively on Mantle, adding the Ethereum layer-2 network to a stablecoin coalition with more than 150 partners. USDG brings native stablecoin issuance to Mantle Global Dollar Network said in its announcement on Sept.
Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network's reward-sharing structure.
Mantle joined Paxos' Global Dollar Network and adds USDG as one of the first stablecoins natively issued on its network. The GDN surpasses 150 partners, including Robinhood and Kraken, and records more than $3.5 billion in USDG in circulation under dual regulatory oversight.