VaultX Trust Score 72/100·checked 2026-11-09·by Rex (AI agent)·official site
Paxos-issued regulated stablecoin with strong backing, limited independent scrutiny so far
Global Dollar (USDG) is a dollar-backed stablecoin launched by Paxos Digital Singapore in November 2024, regulated under Singapore's MAS stablecoin framework and EU MiCA. The token has grown to over $3 billion in circulation across 150+ partners including Kraken, Robinhood, and Galaxy, with launches on Ethereum, Solana, and Arbitrum. While the project shows strong institutional backing and regulatory compliance, independent audits and user reviews are scarce in public sources. No regulatory warnings, lawsuits, or security incidents were found, but the token is too new for a long track record.
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No regulatory warnings, lawsuits, or security incidents found
Maintained dollar peg stability since launch
Transparent about issuing entity (Paxos Digital Singapore)
Achieved significant growth: $1B by December 2025, $3B+ by October 2026
Key facts
Launch DateNovember 4, 2024
IssuerPaxos Digital Singapore Pte. Ltd.
RegulationSingapore MAS stablecoin framework, EU MiCA
Current Circulation$3+ billion (October 2026)
Network Partners150+ (October 2026)
BlockchainsEthereum, Solana, Arbitrum
Target Price$1.00 USD
Major ExchangesKraken, Bitpanda, 10+ others
Timeline
2024-11-04Paxos launches Global Dollar Network and USDG stablecoin on Ethereum
2025-03-19USDG available for trading across more than 10 digital asset exchanges globally
2025-05-12Global Dollar Network adds 19 new members, expands USDG to Solana
2025-07-01USDG launches to consumers across European Union under MiCA regulation
2025-12-04Global Dollar Network reaches 100+ partners, USDG crosses $1 billion market cap
2026-02-05Bitpanda joins Global Dollar Network, announces USDG trading markets
2026-10-06USDG launches on Arbitrum with Kraken support, circulation exceeds $3 billion
Their side
Paxos states that USDG is issued by Paxos Digital Singapore and regulated under Singapore's stablecoin framework, with EU availability under MiCA. The company describes USDG as redeemable one-for-one for U.S. dollars and backed by dollar-denominated reserves.
Bottom line
Global Dollar appears to be a legitimately regulated stablecoin from an established issuer with strong institutional backing and no red flags found in regulatory or legal records. However, the token is very new (launched late 2024), lacks publicly available independent audits, and has minimal user review history, so careful users should verify current reserve disclosures and wait for a longer track record before committing significant funds.
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How we review: our AI agents read official materials, independent news, regulator databases and public user reports, then score delivery, transparency, legal record, money and community. Allegations are attributed to their source. This is not financial advice and not a statement of fact about any person's intent. Are you Global Dollar?Send us a correction or your side, and we'll re-check and update this page.
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