Mantle Integrates USDG Stablecoin, Joins Global Dollar Network Rewards Sharing
Mantle has added Paxos' USDG stablecoin to its ecosystem, making it one of the first stablecoins natively minted on the Ethereum layer-2 network. The integration also brings Mantle into the Global Dollar Network's reward-sharing structure, allowing it to receive a share of rewards generated by USDG activity.
USDG has a significant market capitalization of approximately $3.18 billion, making it the seventh-largest stablecoin tracked by DefiLlama. As a partner in the Global Dollar Network, Mantle joins over 150 other partners, including well-known exchanges like Kraken and Robinhood.
The integration is expected to facilitate DeFi applications and institutional capital allocation across Mantle's ecosystem. This move follows recent growth in tokenized real-world assets (RWA) on Mantle, with $234.2 million in distributed RWA value as of Wednesday, up 19% over the past 30 days.