Paxos’ Global Dollar Stablecoin Surges Past $500 Million Valuation
Global Dollar (USDG), a U.S. dollar-backed stablecoin from Paxos, has nearly doubled its market capitalization since the beginning of the month to surpass $500 million.
The stablecoin, which launched in Q4 2024, has grown nearly 1700% since the beginning of the year, and is up 50% over just the last week to a $536 million valuation.
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