<ul><li>Paxos forms a consortium with Robinhood, Galaxy Digital, and Kraken to launch the USDG stablecoin ecosystem.</li><li>They are introducing the open blockchain infrastructure called Global Dollar Network.</li><li>USDG will be issued out of Singapore and comply with the regulatory framework of the Monetary Authority of Singapore.</li><li>USDG will be backed 1:1 to USD and managed by Singapore's DBS Bank.</li></ul>

Paxos in Collaboration with Robinhood, Galaxy Digital, and Kraken Launch Network for New USDG Stablecoin

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