A group of crypto and financial technology companies have introduced a joint stablecoin, the Global Dollar (USDG), to accelerate global stablecoin adoption.

Major crypto firms united to introduce the Global Dollar (USDG) stablecoin, which will streamline the stablecoin landscape and accelerate adoption. The USDG will use nearly 100% of the revenue generated from its reserve assets to reward network partners rather than the issuer.

A group of leading fintech and cryptocurrency firms, including Robinhood, Kraken, and Paxos, has launched the Global Dollar Network, a new initiative aimed at accelerating global adoption of stablecoins.

A consortium of leading cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has announced the launch of a new stablecoin network aimed at promoting the global adoption of stablecoins pegged to the United States dollar.

A group of major crypto players have jointly launched $USDG, a new stablecoin under the Global Dollar Network that should "revolutionize" the stablecoin ecosystem and set high standards for compliance.