Paxos Launches Global Dollar on Solana, Expanding Stablecoin Reach

Global Dollar, a stablecoin issued by Paxos Digital Singapore, has expanded its reach to Solana blockchain. The expansion follows the stablecoin’s initial launch on Ethereum and was announced on February 25th by the Global Dollar Network. Paxos, USDG’s issuer, is regulated by the Monetary Authority of Singapore. The network aims to accelerate USDG adoption across various sectors like payments, finance, and cross-border transactions. This integration allows institutions to access USDG via Anchorage Digital and Kraken.