Solana Treasury Company DeFi Development Joins Stablecoin Network Global Dollar Network

Odaily Planet Daily News – U.S.-listed Solana Treasury Company DeFi Development Corp. (NASDAQ: DFDV) has announced its entry into the Global Dollar Network (GDN) to expand the adoption and application of the USDG stablecoin. USDG, issued by Paxos Digital Singapore and Paxos Issuance Europe, is pegged to U.S. dollar reserves and has been deployed on the Solana, Ink, and Ethereum networks. Through this collaboration, DeFi Development Corp. will gain API integration and distribution rights for USDG, participate in the governance of the GDN network advisory committee, and benefit from incentives related to USDG custody, minting, and usage. Company CEO Joseph Onorati stated that this move will promote the adoption of USDG within the Solana ecosystem and further strengthen its treasury strategy based on SOL. (Globe Newswire)