Mantle Joins Global Dollar Network, Integrating Paxos-Issued Stablecoin USDG

Mantle, an open financial network that connects global market participants to institutional-grade capital-market assets on-chain, has integrated the Paxos-issued stablecoin USDG into its platform. This integration makes Mantle a Network Partner of the Global Dollar Network (GDN), which has grown to over 150 partners with more than $3 billion of USDG in circulation.

The move places Mantle inside GDN's reward-sharing structure, joining other notable partners such as Robinhood, Kraken, Mastercard, OKX, and Bullish. This model is designed to share the economics of USDG adoption with the partners that drive it rather than leaving the issuer to retain them.

USDG becomes the regulated dollar asset across Mantle's ecosystem, from DeFi utilities to capital allocation for institutions, and joins an existing stablecoin lineup that already includes AUSD by Agora, USDe by Ethena, USDY by Ondo, and USDT0 by Tether.

The integration extends Mantle's push into institutional-grade assets. Its stablecoin total value locked has crossed $982 million, while its real-world-asset TVL has grown from roughly $22 million to about $240 million over the past year. The count of tokenized assets on the platform has expanded to more than 700.

According to Emily Bao, Key Advisor at Mantle and Head of Spot at Bybit, joining Global Dollar Network and bringing USDG onto Mantle puts them 'inside a more active economic system.' Walter Hessert, Head of Strategy at Paxos, added that native USDG issuance puts a regulated dollar 'at the center of the ecosystem' and that, as a Global Dollar Network partner, Mantle shares in the upside it helps create.