Mantle Joins Global Dollar Network with Paxos-Issued Stablecoin

Mantle, an open financial network that connects global market participants to institutional-grade capital-market assets on-chain, has joined the Global Dollar Network (GDN) as one of its first natively minted dollar stablecoin partners. The partnership makes Mantle a key player in the GDN's reward-sharing structure, joining other prominent partners like Robinhood and Mastercard.

The integration brings Paxos-issued stablecoin USDG to Mantle's ecosystem, which spans DeFi utilities and capital allocation for institutions. This move positions USDG as the regulated dollar asset across Mantle's platform, joining existing stablecoins AUSD by Agora, USDe by Ethena, USDY by Ondo, and USDT0 by Tether.

The partnership is significant because it extends Mantle's push into institutional-grade assets. With over $3.5 billion in circulation, USDG has become one of the largest regulated dollar stablecoins in the market. Paxos publishes monthly reserve reports, and USDG is fully redeemable one-to-one for U.S. dollars.