LayerZero Powers Omnichain Dollar Stablecoin with Paxos Partnership
The Global Dollar Network (GDN) has partnered with LayerZero to enhance dollar infrastructure with USDG, Paxos's regulated stablecoin. This partnership introduces USDG0, an omnichain version of the stablecoin that can move seamlessly across blockchain ecosystems without requiring separate wrapped versions on each chain.
USDG0 was launched on November 18, 2025, built on LayerZero's Omnichain Fungible Token (OFT) standard. This technology allows USDG to travel to chains where Paxos doesn't have direct issuance set up, sidestepping the need for wrapped tokens that introduce extra trust assumptions and liquidity fragmentation.
USDG itself is backed 1:1 by US dollars and holds regulatory approvals in both Singapore and Europe. The stablecoin has surpassed $3.1 billion in circulation as of November 2025, growing from under $1 billion just seven months earlier.
The Global Dollar Network operates on a model that redistributes a substantial portion of the reserve yields generated through USDG activities back to its partners. This revenue-sharing structure has attracted more than 150 enterprise partners, including Mastercard and OKX.