Mantle Integrates Paxos-issued Stablecoin, Joins Global Dollar Network

Mantle has integrated Paxos-issued USDG as a natively minted stablecoin, joining over 150 partners in the Global Dollar Network. This integration marks one of the first times a stablecoin has been natively minted on Mantle's Ethereum layer-2 network.

The move brings several benefits to both parties involved. For Mantle, participating in the Global Dollar Network means sharing in revenue generated by USDG activity among its partners. On the other hand, Paxos-issued stablecoins like USDG carry a market capitalization of approximately $3.18 billion, making them an attractive addition to Mantle's ecosystem.

The integration also highlights Mantle's growth as a platform for decentralized finance (DeFi) applications and institutional capital allocation. The network has seen its distributed real-world asset (RWA) value climb 19% in the last 30 days, reaching $234.2 million as of September 3.