Mantle joins the Global Dollar Network and adds native USDG issuance

USDG Goes Native on Mantle

@Mantle_Official announced on Thursday that USDG, the dollar-pegged stablecoin issued by @Paxos, is now live on Mantle as one of the first assets natively minted on the network. The move formally makes Mantle a Network Partner of the Global Dollar Network (GDN), placing it alongside more than 150 partners including Kraken, Robinhood, and Mastercard in a shared-reward structure that distributes economic upside to partners who drive adoption.

Unlike a standard chain integration, where the issuer keeps the economics, Mantle's entry into GDN means it participates directly in the network's reward-sharing model. Partners can earn rewards by minting, holding, or accepting USDG, according to the official press release.

A Regulated Dollar for an Institutional Network

The timing matters for Mantle's broader strategy. The network has been building out an institutional-grade on-chain asset suite spanning tokenized equities, treasury yield, private credit, and money markets. USDG provides the regulated dollar settlement layer that infrastructure requires. Walter Hessert, Head of Strategy at Paxos, noted that "native USDG issuance puts one at the center of the ecosystem, and as a Global Dollar Network partner, Mantle shares in the upside it helps create."

USDG carries a market cap of approximately $3.24 billion and operates under dual regulatory supervision: the Monetary Authority of Singapore (MAS) and the European Union's MiCA framework. That combination of scale and regulatory standing is uncommon in the stablecoin market. Paxos issues the token in the EU through Paxos Issuance Europe OY, and USDG is fully redeemable one-to-one for US dollars. The integration adds USDG to Mantle's existing stablecoin roster alongside AUSD, USDe, USDY, and USDT0.

Sources:
Mantle Joins Global Dollar Network, PR Newswire (September 3, 2026)
Mantle Network Integrates Native Paxos USDG Stablecoin, Crypto Economy (September 3, 2026)