Paxos Introduces USDG Stablecoin Under Singapore Regulatory Framework
TLDR Paxos launches new USDG stablecoin compliant with Singapore's upcoming regulations USDG is pegged 1:1 to USD, backed by high-quality liquid assets DBS Bank, Southeast Asia's largest bank, manages the reserves Initially available on Ethereum with plans for multi-chain expansion Follows Paxos' recent full approval from Singapore's MAS for crypto services Paxos, the regulated blockchain [.
TLDR Paxos launches new USDG stablecoin compliant with Singapore's upcoming regulations USDG is pegged 1:1 to USD, backed by high-quality liquid assets DBS Bank, Southeast Asia's largest bank, manages the reserves Initially available on Ethereum with plans for multi-chain expansion Follows Paxos' recent full approval from Singapore's MAS for crypto services Paxos, the regulated blockchain [. What's Your Reaction?
