Global Dollar (USDG) stablecoin analytics
Answer First
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?
USDG holds a B Safety Score grade (71/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Global Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG LLP; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Global Dollar (USDG) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 7, 2026
Paxos's USDG is its Singapore sequel: after BUSD wound down, Paxos relocated its stablecoin ambitions under a MAS Major Payment Institution licence, with a MiCA-authorized EU issuance through Paxos Issuance Europe OY layered on top. The reserve is textbook. At the latest KPMG examination, roughly half sat in a BNY Dreyfus government money-market fund, most of the rest in Treasury bills maturing within weeks, and a small cash sleeve at commercial banks in Singapore and Luxembourg, all in segregated accounts held...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- 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
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdg-paxos
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDG quick answers
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?
USDG holds a B Safety Score grade (71/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Global Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG LLP; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDG?
Pharos classifies USDG backing as Real-World Asset Backed. Collateral, per the static profile: 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 Reserve evidence: Independent Audit from KPMG LLP.
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 dossier below.
