USDG on Solana is now on PDAX

The increasing adoption of digital assets has driven the rise of stablecoins, providing a more stable and reliable way to transact within the crypto ecosystem. A prime example is USDG on Solana, the Global Dollar stablecoin, now available on PDAX for fast, low-cost, and secure transactions.

What is USDG?

​USDG was introduced by Paxos, a leading regulated financial institution specializing in blockchain infrastructure and trusted digital assets. Paxos has developed stablecoins and partnered with major institutions like PayPal to power secure, transparent blockchain transactions.

This US dollar-backed stablecoin is issued by Paxos Digital Singapore Pte. Ltd. and is substantively compliant with the Monetary Authority of Singapore’s upcoming stablecoin framework.

USDG is a stablecoin designed to maintain a 1:1 peg to the US dollar, ensuring minimal price volatility compared to traditional cryptocurrencies. It will always be fully redeemable from Paxos on a one-to-one basis for US dollars. This ensures that there is always sufficient liquidity available to support user transactions.

As stablecoins continue to gain adoption, they are increasingly being used for payments, remittances, and decentralized finance (DeFi) applications.

USDG on Solana allows users to store, send, and trade digital assets seamlessly, combining the benefits of blockchain technology with the familiarity of traditional money. It can be used for:

     - Trading and trusted DeFi applications

     - Peer-to-peer transfers

     - Remittances and international transactions

     - Payments for goods and services

With its seamless integration into various blockchain ecosystems, USDG enables fast, cost-effective transactions across multiple platforms.

USDG is currently supported on Ethereum and Solana, with more blockchains on the way. Designed for interoperability, it can function across various blockchain networks, enhancing liquidity and usability across decentralized platforms. Additionally, USDG operates within a transparent framework, ensuring that reserves are verifiable and issuance aligns with industry best practices.

Since USDG is backed by a reserve of assets, users can trust that each token maintains its intended value. This ensures that USDG remains a practical and efficient tool for digital finance.

The launch of USDG was part of a broader initiative to promote stablecoin adoption globally, with support from major financial technology and cryptocurrency companies, including Robinhood, Kraken, and Galaxy Digital.

Ready to start with crypto? USDG is now on PDAX.

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Disclaimer: PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. PDAX does not endorse or approve any cryptocurrency, and assumes no responsibility for the content, accuracy or completeness of the same.

For inquiries or complaints, please contact us through the following channels: Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature); ‘Customer Support’ webpage at https://support.pdax.ph; Email: support@pdax.ph. Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange  (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph;

Webchat: http://www.bsp.gov.ph (click webchat feature);

Facebook: https://www.facebook.com/BangkoSentralngPilipinas;

Direct Line: (02) 5306 2584 / (02) 8708 7087;

 Trunk Line: (02) 8708 7701 loc. 2584;  or

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For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.