Mantle Partners with Paxos to Bring USDG Stablecoin onto its Layer-2 Network

Mantle has partnered with Paxos to bring its USDG stablecoin to its Ethereum layer-2 network, joining the Global Dollar Network as a partner. This integration makes USDG one of the first stablecoins natively minted on Mantle and brings the network into USDG's reward-sharing structure.

As part of this partnership, Mantle can receive a share of the rewards generated by USDG activity, which is a significant addition to its revenue streams. The integration also brings USDG into Mantle's ecosystem for DeFi applications and institutional capital allocation.

The move comes as Mantle has seen recent growth in tokenized real-world assets (RWA), with $234.2 million in distributed RWA value as of Wednesday, up 19% over the past 30 days. This growth is a significant milestone for the network and demonstrates its increasing adoption.