Paxos Launches U.S. Dollar Stablecoin: ‘Global Dollar’

SHARE THIS STORY Global Dollar will comply with the framework from the Monetary Authority of Singapore (MAS). Blockchain platform provider Paxos has introduced a U.S. dollar-backed stablecoin, Global Dollar (USDG), that will comply with the upcoming stablecoin framework from the Monetary Authority of Singapore (MAS), Singapore’s central bank and integrated financial regulator. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by MAS officials. “Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to distribute USDG to individuals and institutions,” officials…

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