Mantle Integrates Paxos’ USDG Stablecoin, Joins Global Dollar Network

Mantle has officially launched Paxos issued stablecoin USDG natively on its network, marking one of the first instances of the token being minted directly on the platform. As part of the move, Mantle has also joined the Global Dollar Network, gaining access to its reward sharing structure alongside more than 150 other partners, including major crypto exchanges and trading platforms.

USDG’s Growing Presence in the Stablecoin Market

USDG currently holds a market capitalization of over $3 billion, placing it among the top ten largest stablecoins tracked by industry data providers. The token is issued by Paxos and operates under regulatory oversight in both Singapore and the European Union, with the company regularly publishing reports detailing its reserve holdings.

With this integration, USDG now joins several other major stablecoins already available on Mantle, expanding the network’s use cases across decentralized finance applications and institutional capital deployment.

Mantle’s Broader Growth in Tokenized Assets

Beyond stablecoins, Mantle has also seen steady growth in its tokenized real world asset offerings, with the total value distributed across the network increasing notably over the past month, according to blockchain data trackers.