PANews reported on May 12 that according to The Block, the Global Dollar Network (GDN), jointly initiated by Paxos, Robinhood and others, announced the addition of 19 new member institutions, aiming to expand the global adoption of its Solana-based USD stablecoin USDG. Currently, USDG has a circulation of approximately US$285 million, issued by Paxos Digital Singapore, and basically complies with Singapore's upcoming stablecoin regulatory framework. GDN now has more than 25 partners, covering more than 42 million users worldwide, and plans to expand multi-chain deployment in the future.
Global Dollar Network adds 19 new members to drive USDG stablecoin adoption
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