<ul><li>A consortium of companies including Robinhood, Kraken, and Galaxy Digital has launched a stablecoin called USDG via the Global Dollar Network.</li><li>USDG aims to compete with Tether and USD Coin, the current dominant players in the stablecoin market.</li><li>Partners in the Global Dollar Network can earn up to 100% of the returns generated by the assets backing USDG.</li><li>The launch of USDG represents an important effort to promote global stablecoin adoption and provide economic benefits for its supporters.</li></ul>

New USDG Stablecoin Launched by Major Crypto Firms

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