Mantle Native Minting of USDG and Joining the Global Dollar Network

Odaily Planet Daily News: Ethereum Layer 2 network Mantle has launched the stablecoin USDG issued by Paxos and joined the Global Dollar Network as a partner. USDG has become one of the first stablecoins natively minted on Mantle, allowing Mantle to receive a portion of the rewards generated by USDG activities. USDG has a market capitalization of approximately $3.18 billion, making it the seventh-largest stablecoin by size according to DefiLlama data. The stablecoin is issued by Paxos and complies with regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reserve reports. The Mantle ecosystem also offers Agora's AUSD, Ethena's USDe, and Tether's USDT0. Mantle stated that USDG will be used for DeFi applications within the ecosystem and institutional capital allocation. As of Wednesday, the value of Mantle's distributed real-world assets stood at $234.2 million, reflecting a 19% growth over the past 30 days. (Cointelegraph)