Global Dollar wallet

What is Global Dollar (USDG)?

USDG, the Global Dollar, is a US dollar stablecoin issued by Paxos. Each token is backed one to one by dollar reserves held as cash deposits and short-dated US government debt, with monthly independent attestations of those reserves. The issuer for most of the world is Paxos Digital Singapore, licensed by the Monetary Authority of Singapore; in the EU the token is issued by Paxos Issuance Europe under MiCA rules. Direct one-to-one redemption for dollars goes through a Paxos account, so a holder without one exits by swapping USDG on the open market instead.

What to know before holding it

USDG exists as an ERC-20 on Ethereum and as an SPL token on Solana, and these are separate ledgers, not a bridge. On Ethereum, transfers are paid in ETH. On Solana, transfers are paid in SOL, and the first time USDG arrives at an address the network also charges a small rent deposit in SOL to open the token account. A USDG balance on one network cannot be spent on the other; moving between them means going through a venue that accepts the token on one chain and pays it out on the other.

Paxos issues other dollar tokens too, so do not mix USDG up with USDP (Pax Dollar) or PYUSD: same issuer, different tokens, different contracts. Like other regulated stablecoins, the USDG contract gives the issuer the ability to freeze balances at addresses flagged by sanctions or legal orders; ordinary holders never notice this, but it is part of what the token is.

Supported networks in Tangem (7): Ethereum, Arbitrum One, Robinhood, Solana, X Layer, Mantle, Ink. Because USDG lives on more than one chain, the Tangem app keeps a distinct USDG balance under each network and displays which network an outgoing transfer uses before the card signs it, so the address and the network can be checked side by side. For a stablecoin that is meant to move between chains and counterparties, that per-network view is the practical reason to keep USDG here.