Mantle Welcomes Paxos's USDG Stablecoin to Its Layer-2 Ethereum Network

Ethereum layer-2 network Mantle has integrated Paxos's dollar-pegged stablecoin USDG into its platform, joining the Global Dollar Network.

As a result of this partnership, Mantle will receive a share of revenue generated from USDG usage on the network.

USDG is a top-seven stablecoin by market value, with a capitalization of around $3.18 billion, issued under regulatory frameworks in Singapore and the EU.

Mantle already supports other major stablecoins, including Agora's AUSD, Ethena's USDe, and Tether's USDT0.

The network plans to utilize USDG across decentralized finance services and institutional treasury management, expanding its real-world asset tokenization segment.