最新报道:According to the news from the Coin World Network, the cryptocurrency exchange OKX has joined the Global Dollar Network (GDN), a stablecoin alliance co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, BullishandNuvei. As part of the cooperation, OKX has added support for USDG, a stablecoin backed by the US dollar issued by Paxos. GDN said on Monday that the cooperation enables OKX's claimed 60 million customers to access USDG and exchange it for US dollars at a 1:1 ratio for free. USDG is currently available on the Ethereum, Solana and Ink blockchains and is issued by Paxos Digital Singapore and Paxos Issuance Europe. Unlike stablecoin giants Tether's USDT and Circle's USDC, USDG is structured to reward ecosystem partners for driving adoption. Paxos said it will distribute up to 100% of its revenue to partners, depending on their contributions. “For example, GDN partners can earn rewards on their USDG balances similar to high-interest savings accounts,” a Paxos spokesperson told The Block. They declined to disclose how many rewards have been distributed to partners since USDG launched in November 2024. As of now, USDG has a circulating supply of approximately 357 million tokens, according to CoinGecko. USDG is issued through Paxos’ entities in Singapore and Europe, making it regulated by the Monetary Authority of Singapore and the Finnish Financial Supervisory Authority, respectively, ensuring regulatory compliance in both regions. “USDG gives our customers access to a trusted, fully backed digital dollar that is designed for global use and enables everything from everyday payments to seamless trading and DeFi participation,” said Jeff Ren, founder of OKX Ventures, in a statement. “We look forward to expanding the integration of USDG in the OKX ecosystem in the near future to unlock more real-world use cases and further accelerate global adoption.” OKX joins more than 30 other GDN members including Gate, Zodia Custody, and BitMart. It remains to be seen how USDG's future supply will grow amid the broader stablecoin market's momentum. The industry's total market cap currently exceeds $263 billion, and some analysts predict it could exceed $1 trillion driven by favorable regulatory developments around the world. Last month, the U.S. Senate passed the key stablecoin bill, the GENIUS Act, increasing pressure on the House of Representatives to advance the bill. The House has declared this week "Cryptocurrency Week" and is expected to vote on the GENIUS Act, which would allow banks to issue stablecoins and potentially promote their use in payments.
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