Crypto

USDG Hits Record-Breaking Trading Volume on Uniswap

Guavy AI Editorial Team Published September 20, 2026

Instruments

ETH USDC UNI

Paxos' USDG stablecoin posted a record-breaking $21.8 billion in trading volume on Uniswap in September, accounting for 98% of its total decentralized exchange activity.

This surge was largely attributed to Uniswap's launch of its StablePair Hook feature on September 10, which introduced dynamic fee structures for stablecoin trading pairs like USDC/USDG on Ethereum.

The USDG stablecoin has seen significant growth since its launch in November 2024 by Paxos Digital Singapore, with over $600 million in total value locked across DEX pools.

The Wire

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