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USDY 
USDG USDG achieves native issuance in Mantle
Mantle officials announced on Thursday that USDG, the U.S. dollar-anchored stablecoin issued by Paxos, has now officially landed on the Mantle network and has become one of the first native-minted assets on the network. This move marks Mantle's official becoming a network partner of the Global Dollar Network (GDN), participating in a revenue sharing mechanism with more than 150 partners including Kraken, Robinhood, and Mastercard-which allocates economic returns to partners who promote ecological adoption.
Unlike traditional on-chain integration where issuers have exclusive benefits, Mantle's addition to GDN means that it can directly participate in the network's reward-sharing model. According to the official press release, partners can earn rewards by casting, holding or receiving USDG.
Regulated stablecoins for institutional networks
This timing is critical to Mantle's macro strategy. The network has been building a portfolio of institutional-level on-chain assets that includes tokenized stocks, treasury bond yields, private credit and money markets. USDG provides a regulated dollar clearing layer for such infrastructure. Walter Hessert, director of strategy at Paxos, pointed out: "Native USDG releases will put participants at the heart of the ecosystem, and as a global dollar network partner, Mantle will share the value it drives creation."
USDG currently has a market value of approximately US$3.24 billion and is subject to a dual regulatory framework: the Monetary Authority of Singapore (MAS) and the EU MiCA framework. This combination of scale and regulatory compliance is not common in the stablecoin market. Paxos issues the token through its European issuer, Paxos Issue Europe OY, and USDG can be fully convertible to U.S. dollars on a 1:1 ratio. This integration allows USDG to join Mantle's existing stablecoin lineup and operate with AUSD, USDe, USDY and USDT0.
