Mantle Partners with Global Dollar Network to Support USDG Stablecoin

Mantle, a Layer 2 blockchain network built on Ethereum, has partnered with the Global Dollar Network (GDN), which is a consortium of companies that supports the USDG stablecoin. As part of this partnership, USDG, issued by Paxos, is now live and can be directly minted on Mantle. The Global Dollar Network allows participating companies to share revenue based on their contribution to the network's growth. With over 150 partners, including Robinhood and Kraken, the total circulating value of USDG has surpassed $3 billion. This integration enables users to access stablecoins for DeFi applications and institutional investors can utilize USDG as a dollar-pegged asset for capital allocation. Mantle is also working on tokenizing real-world assets like stocks and funds, further expanding its capabilities in the Web3 ecosystem.