A group of fintech and digital asset companies, including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, have launched the Global Dollar Network, an open network aiming to accelerate the adoption of stablecoins worldwide. The network is currently being tested and will include a new stablecoin, USDG, designed to facilitate fast, peer-to-peer, and cross-border transactions.
The Global Dollar Network aims to provide a trusted and economically beneficial option for partners, and its launch is meant to bridge traditional finance and cryptocurrency. DBS Bank will serve as the primary banking partner for managing and safeguarding USDG reserves.
