The stablecoin issuer Paxos partnered with the crypto exchange Kraken, the retail trading giant Robinhood and a handful of other digital asset firms to launch a new stablecoin network for enterprises.

Seven leading crypto companies introduce USDG, a new Singapore-based regulated stablecoin. Trading begins on major platforms with DBS Bank managing reserves.

Anybody can join the Global Dollar Network and accrue rewards for activity. We're distributing something like 97% of the economics. That's a big difference from how other stablecoins have been set up and created to date.

The USDG will use nearly 100% of the revenue generated from its reserve assets to reward network partners rather than the issuer.

Seven major crypto companies launched USDG, a Singapore-based stablecoin that will share 97% of reserve earnings with network participants while competing against established players Tether and USDC.

Robinhood, Kraken, and Paxos launch the Global Dollar Network with USDG, a compliant stablecoin offering yield incentives for adoption.

A consortium of leading cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has announced the launch of a new stablecoin network aimed at promoting the global adoption of stablecoins pegged to the United States dollar.

A group of major crypto players have jointly launched $USDG, a new stablecoin under the Global Dollar Network that should "revolutionize" the stablecoin ecosystem and set high standards for compliance.