Global Dollar (USDG)

Global Dollar (USDG) is a stablecoin issued by the Global Dollar Network, a project led by the regulated company Paxos. Designed to maintain a value of approximately one US dollar, each token is intended to be backed one-to-one by real US dollars and safe, dollar-like assets held in reserve. As a digital version of the dollar, USDG operates on blockchains, allowing for rapid global transfers in seconds. Unlike volatile cryptocurrencies such as Bitcoin, its price aims to remain stable rather than fluctuating significantly. The "global" designation reflects its objective to function as a consistent currency across different regions. Essentially, USDG acts like a digital gift card always worth exactly one dollar, usable instantly over the internet. The technology relies on a blockchain, a shared digital ledger where every transaction is recorded transparently without the ability to be secretly erased or faked. This structure ensures that every coin and transfer is written into the public record, providing a steady, dollar-pegged token built specifically for fast online payments.