Paxos Ups Its Stablecoin Bet: Launches MAS-Compliant USDG
Paxos has expanded its stablecoin offerings with the launch of Global Dollar (USDG), a US dollar-backed stablecoin that aligns with Singapore’s upcoming stablecoin regulations. The company claims that this stablecoin is “designed to support the needs of regulated institutions.” A Regulatory-Compliant Stablecoin Announced today (Friday), Paxos’ Singapore-based subsidiary, which is regulated by the Monetary Authority…