crypto
Mantle Integrates Paxos’ USDG Stablecoin and Joins Global Dollar Network
Mantle has incorporated Paxos' USDG stablecoin as a native asset and has become part of the Global Dollar Network, enhancing its ecosystem with stablecoin liquidity and reward-sharing features.
AS1 NewsSource: cointelegraph.com
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USMantle, a blockchain protocol, has announced the addition of Paxos-issued USDG as a natively minted stablecoin within its ecosystem. This integration aims to provide users with a reliable and liquid stablecoin option directly on the Mantle network.
In addition to the stablecoin integration, Mantle has joined the Global Dollar Network, a collaborative platform that facilitates reward-sharing among participating networks. This move is expected to strengthen Mantle's infrastructure and expand its utility within the broader crypto ecosystem.
The inclusion of USDG, a stablecoin backed by Paxos, is part of Mantle's strategy to enhance its on-chain liquidity and stability. Paxos, a regulated financial institution, issues USDG, which is designed to maintain a 1:1 peg with the US dollar.
By joining the Global Dollar Network, Mantle aligns itself with other networks committed to stablecoin interoperability and shared rewards, potentially increasing its adoption and utility for decentralized finance (DeFi) applications and users.
The integration of USDG and participation in the Global Dollar Network are expected to enhance Mantle's liquidity and ecosystem stability, supporting broader DeFi and network growth.