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Paxos Launches USDG: A New Stablecoin Backed by DBS Bank

  • Paxos has launched USDG, a new stablecoin backed by DBS Bank.
  • USDG is designed to be as stable as the U.S. dollar, backed by real U.S. dollars.
  • Paxos partnered with DBS Bank to manage the U.S. dollar reserves for USDG, ensuring its safety and reliability.
  • USDG provides a stable option for users in Singapore, allowing smoother and more efficient financial activities.

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