Global Dollar Network adds 19 new members to promote USDG stablecoin adoption

The Global Dollar Network (GDN), initiated by Paxos, Robinhood, and others, announced the addition of 19 new member institutions, aiming to expand the global adoption of its Solana-based stablecoin USDG. The current circulation of USDG is approximately $285 million, issued by Paxos Digital Singapore, and it largely complies with Singapore's upcoming stablecoin regulatory framework.