On May 12, PANews reported that Global Dollar Network (GDN), co-founded by Paxos, Robinhood, and others, announced the addition of 19 member institutions aimed at expanding the global adoption of its Solana-based stablecoin USDG. Currently, the circulation of USDG is approximately $285 million, issued by Paxos Digital Singapore, and it is largely compliant with Singapore's upcoming stablecoin regulatory framework. GDN now has over 25 partners, covering more than 42 million users globally, with plans to expand multi-chain deployment in the future.
