---
title: "Global Dollar (USDG) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usdg-paxos/"
description: "Build-time stablecoin profile for Global Dollar (USDG). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Global Dollar (USDG)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Paxos's USDG is the Singapore sequel under MAS supervision, with all-very-low-risk reserves at DBS and Standard Chartered and a dual-jurisdiction MiCA EU issuance no competitor matches. After Binance's BUSD died under regulatory fire, Paxos relocated its stablecoin ambitions to Singapore, where USDG now sits under a MAS Major Payment Institution license with reserves split between DBS Bank and Standard Chartered — institutional-top {{term:custody}}custody{{/term}} that matches Circle and exceeds Tether. The all-very-low-risk reserve composition and A+ resilience grade make USDG structurally one of the safest stablecoins in existence, which makes the lowest peg score among rated top-ten coins a curious anomaly — a brief tracking history with early growing pains rather than structural fragility. The zero-fee {{term:redemption}}redemption{{/term}} and additional EU issuance via a MiCA-compliant Finnish entity give USDG a dual-jurisdiction strategy that no competitor currently matches. The catch is on-chain presence: concentrated on just a few chains with modest DEX depth, USDG's institutional pedigree still outpaces its DeFi footprint.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| Singapore | MAS | Major Payment Institution |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xe343167631d89b6ffc58b88d6b7fb0228795491d` | 6 |
| solana | `2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH` | 6 |
| ink | `0xe343167631d89b6ffc58b88d6b7fb0228795491d` | 6 |
| xlayer | `0x4ae46a509f6b1d9056937ba4500cb143933d2dc8` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/usdg-paxos.