<ul><li>Paxos has launched the Global Dollar (USDG), a USD-pegged stablecoin, on the Solana network.</li><li>USDG is a USD-pegged digital currency backed 1:1 by cash and cash equivalents in accounts that are reviewed independently every month.</li><li>The issuance of USDG on the Solana network has pushed its stablecoin market capitalization back toward its all-time high, reaching over US $11.6 billion.</li><li>Solana's increasing position as a home for stablecoin activities helps breathe life into its ecosystem following the decline of memecoins.</li></ul>

Global Dollar Stablecoin Issued on Solana as Network Closes in on New All-Time High

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