Paxos' USDG Launches Natively on Mantle, Expanding Stablecoin Coalition

USDG has launched natively on Mantle, expanding Paxos' stablecoin coalition to over 150 partners. This move allows USDG to be minted directly on Mantle and used for DeFi liquidity and institutional settlement.

Mantle's distributed RWA value reached $234.2 million after a 19% increase in the past 30 days, according to data from RWA.xyz. The network has joined the Global Dollar Network and can share in rewards generated by USDG activity.

USDG had approximately $3.18 billion in circulation, ranking seventh among stablecoins tracked by DefiLlama. Paxos issued USDG under the supervision of the Monetary Authority of Singapore and the Financial Supervisory Authority in Finland.