OKX has joined the Global Dollar Network to support Paxos’ USDG Stablecoin with the aim of promoting the adoption of regulated US Dollar Aid Digital Assets.
This integration will provide 60 million OKX users with access to USDG and expand options beyond established stubcoins such as USDT and USDC.
According to Coinotag, USDG’s US dollar deposits and short-term government securities support are positioned as a secure Stablecoin option that complies with it.
OKX is joining the Global Dollar Network to promote Paxos’ USDG Stablecoin and strengthening the adoption of Stablecoin, which is regulated among 60 million users worldwide.
OKX partnership with Global Dollar Network enhances USDG Stablecoin accessibility
Amid a strategic move to expand the range of regulated stubcoins, Crypto Exchange OKX has officially joined the Global Dollar Network, a consortium dedicated to promoting Paxos’ USDG Stablecoin. Released in November 2024, USDG is a US dollar-backed digital asset regulated under the financial authorities of Singapore and supported by reserves held by DBS Bank. OKX’s USDG integration will provide an extensive user base of 60 million with additional regulated Stablecoin options, complementing existing support from market leaders such as Tether (USDT) and USD Coin (USDC). The partnership highlights growth trends during interactions to diversify the provision of stubcoin while adhering to evolving regulatory frameworks.
USDG Regulatory Compliance and Market Positioning
The USDG distinguishes itself from regulatory compliance and transparent support from US dollar deposits and short-term government securities. Paxos is committed to operating the USDG within an established regulatory environment, including the recent expansion of the Crypto-Assets (MICA) framework to the European Union based on the market. Along with partners such as Robinhood, Kraken and Standard Chartered, USDG has a circular supply of around $356 million that is less important than the dominant stubcoins, but reflects a coordinated effort to build trust and institutional reliability. This regulatory first approach could appeal to users and institutions seeking stubcoins with robust compliance credentials.
Stablecoins drives a $250 billion market with diverse use cases
Stablecoins have emerged as a key component of a broader crypto ecosystem, promoting more than $250 billion in market activity through retail and institutional participation. According to the 2024 Chain Melting Report, Stablecoins are widely used in developed economies such as North America and Europe for settlement and liquidity management. Furthermore, in emerging markets, stubcoins act as a reliable medium for transactions and value preservation within currency volatility. This dual role underscores the increasing versatility of Stablecoins and its importance in global finance.
Institutional adoption accelerates amidst regulatory advances
Institutional interest in stubcoins continues to accelerate, driven by regulatory clarity and technological innovation. The recent passage of the genius law in the US is reportedly being investigated by major technology companies such as Apple and Elon Musk’s X. Banks and financial institutions are increasingly using stubcoin to streamline cross-border payments, reduce transaction costs and increase operational efficiency. This institutional momentum complements retail adoption and demonstrates the maturation of stable markets as mainstream financial products.
