Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
Regulated blockchain infrastructure company Paxos introduced Global Dollar (USDG), a Singapore-compliant stablecoin whose United States dollar backings are reserved and managed by DBS Bank.
On Oct. 31, Paxos announced the launch of its second localized stablecoin offering, USDG, in Singapore five months after establishing the United Arab Emirates-regulated interest-bearing Lift Dollar (USDL) stablecoin.
Source: Paxos
