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Major Crypto Giants Launch New Stablecoin Global Dollar (USDG)
- Major firms like Robinhood, Kraken, and Paxos have launched the Global Dollar (USDG) stablecoin.
- The reserves for USDG will be managed by DBS Bank, Southeast Asia’s largest bank.
- USDG introduces a unique yield-sharing structure for participants, incentivizing faster adoption.
- Singapore's DBS Bank will manage the custody of Global Dollar reserves to ensure secure cash management.
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