Profile
USDG profile facts
Global Dollar (USDG) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- U.S. dollar deposits, short-duration U.S. government securities, and other high-quality liquid assets held in segregated custodial accounts at DBS Bank and Standard Chartered
- Peg mechanism
- Direct 1:1 redemption for U.S. dollars through Paxos Digital Singapore for KYC-verified users; reserves fully segregated and held at custodian banks; EU issuance by Paxos Issuance Europe OY under MiCA
- Jurisdiction
- Singapore / MAS / Major Payment Institution
- Proof of reserves
- Independent Audit by KPMG LLP Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDG quick answers
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What is Global Dollar (USDG)?
USDG is Paxos's MAS-regulated Global Dollar stablecoin, redeemable 1:1 in USD through Paxos Singapore with reserves at DBS and Standard Chartered. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption for U.S. dollars through Paxos Digital Singapore for KYC-verified users; reserves fully segregated and held at custodian banks; EU issuance by Paxos Issuance Europe OY under MiCA.
Is USDG safe?
As of Oct 24, 2026, Pharos grades USDG A (84/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDG?
Pharos records USDG's reserves as of Sep 30, 2026 as 52.7% BNY Dreyfus Government Cash Management Institutional Shares (CUSIP 262006208), 44.6% U.S. Treasury bills, 2.5% Cash in demand deposit accounts, and 2 smaller holdings. Reserve evidence: Independent Audit by KPMG LLP, latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can USDG be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDG, when applicable, appear in the live dossier on this page.
How do you redeem USDG?
Under the route Pharos reviewed on Jun 10, 2026, customers the issuer has verified can redeem USDG for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
