Paxos Brings USDG Stablecoin to Mantle Network

Paxos officially launched its USDG stablecoin on the Mantle network this week. This move allows the token to function natively within the Mantle ecosystem, which is a significant step for the Global Dollar Network project.

Mantle users now have access to a stablecoin backed by a regulated entity. This addition is part of a larger push by the Global Dollar Network to grow its partner list, which currently includes over 150 members across the financial and crypto space.

Adding USDG to Mantle could make it easier for developers and traders to move funds on the network without leaving the ecosystem. Traders should keep an eye on how much liquidity flows into USDG pairs on Mantle, as this will show how much demand exists for this new option compared to existing stablecoins.