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.
Mantle has rebounded hard from its summer low but still trades below its 200-day line, and nearly half the eventual supply has yet to reach the market. We weigh what speaks for and against buying MNT at the current price.
MNT broke above $0.5416 as volume, whale activity, and bullish positioning strengthen the chances for a potential rally to $0.5928.
Mantle (MNT) price is surging today, but the article should stay focused on the move, the likely catalysts, and the market signals needed to confirm it.
Mantle has accumulated about $880 million in stablecoins and tokenized assets as its onchain product range has expanded across equities, Treasuries, funds and yield-bearing assets.
Mantle's onchain Vault on Fluxion Network enhances DeFi accessibility, but smart contract risks could impact investor confidence and returns. Mantle launches onchain Vault on Fluxion Network with $200M track record, targeting 6.5% stablecoin yield.
Mantle has expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product crossed $200 million in assets under management. According to Mantle's Aug.
Mantle price rebounded more than 6% on Aug. 19 as MNT tested a key resistance level near $0.46, while liquidation data pointed to a larger pool of leveraged positions above the market.
Mantle price action is finally showing some response to the network's growing numbers. A new real-time data dashboard on Blockworks now tracks Mantle's financials, tokenized assets and DeFi activity, while the network's total value secured has climbed to $1.42 billion from $330 million in 2023.
Mantle's transparency initiative could enhance trust and adoption in tokenized finance, potentially reshaping the Layer 2 ecosystem landscape. Mantle tracks $820M in stablecoins and tokenized assets with new public dashboard.