Mantle joins the Global Dollar Network, and USDG has more than US$3 billion in circulation among mor

Mantle officially connects to the global US dollar network, and USDG stablecoins become the first native-minted asset.

September 3, 2026, Dubai-Mantle, an open financial network connecting global market participants and on-chain institutional capital markets, announced today that the USDG dollar-linked stablecoins issued by Paxos, has now been officially launched on the Mantle network, becoming one of the first native-minted stablecoins on the network. This integration makes Mantle a network partner of the Global Dollar Network (GDN). Currently, GDN has more than 150 partners, and USDG's circulation has exceeded US$3 billion.

Integration into the reward sharing economy

Most stablecoin integrations follow the same model: assets are added to the chain, the issuer retains economic interests, and the relationship ends. However, Mantle joined the GDN differently. As a network participant, Mantle is directly involved in the GDN's reward-sharing structure, working alongside more than 150 partners such as Robinhood and Kraken to benefit from a system designed to distribute rewards to partners who drive adoption rates.

USDG's growth reflects the size of the system. Its liquidity has climbed to more than US$3.5 billion, making it one of the largest regulated U.S. dollar stablecoins on the market and one of the very few stablecoins to be subject to dual oversight supervision by both the Monetary Authority of Singapore (MAS) and the European Union's Cryptographic Asset Markets Regulation (MiCA). For a network designed to connect global market participants with institutional capital markets, accessing an ecosystem of this size is a key structural step towards the goal.

Expand Mantle's institutional asset stack

The addition of USDG enriches Mantle's existing institutional asset lineup, including AUSD issued by Agora, USDe issued by Ethena, USDY issued by Ondo, and USDT0 issued by Tether, further consolidating Mantle's position as a centralized online destination for institutional real-world asset (RWA) funds. In the past year, Mantle's total stablecoin locked positions (TVL) exceeded US$982 million, and RWA's total locked positions increased from approximately US$22 million to approximately US$240 million. Its tokenized assets cover leading stocks, ETFs, commodities, treasury bonds, asset-backed credits and stablecoins, and the number has exceeded 700 and continues to grow.

One of Mantle's missions has always been to bring more institutional assets (including tokenized stocks, interest-bearing stablecoins, and tokenized funds) to the network, providing anyone with borderless access. This advancement requires reliable underlying support for stablecoins. The USDG became the cornerstone of this, endorsed by Paxos, a veteran giant in regulated stablecoin issuance, and ensuring full transparency by publishing monthly reserve reports.

A compliance layer to meet institutional capital needs

USDG will serve as a regulated dollar and institutional asset in the Mantle ecosystem, covering scenarios ranging from DeFi utilities to institutional capital allocation. Dual regulatory oversight-regulation by Singapore MAS and compliance by EU MiCA-is still rare in the stablecoin space, and USDG is one of the few assets with both qualifications. Mantle's connection with USDG signals that the main assets in the chain now have a clear regulatory status. This brings Mantle closer to its vision of becoming an open financial network, capable of connecting institutional assets to users without borders.

Emily Bao, Mantle's key adviser and head of spot at Bybit, said: "Through working with our close partner Bybit, Mantle has spent the past year working on building the infrastructure to RWA borderless access, and the institutional stablecoin stack is a core part of it: AUSD, USDe, USDY, and USDT0, each of which brings us closer to a network where global market participants can reach institutional assets across the ecosystem. Joining the global dollar network and bringing USDG to Mantle brings us into a more dynamic economic system. As we bring more global financial products to the web, our developers and partners now have a trustworthy clearing asset."

Walter Hessert, head of strategy at Paxos, said: "Mantle is setting the track to bring traditional financial assets onto the chain, and this future is built on the regulated dollar. Native USDG issuance places it at the center of the ecosystem, and as a partner in the global dollar network, Mantle will share the upside benefits it helps create."

About Mantle

Mantle is an open financial network designed to provide borderless access to global capital markets, connecting global market participants with institutional capital market assets on the chain. Mantle introduces the full life cycle of real-world assets onto the chain, covering issuance, liquidity, distribution and settlement, covering areas such as tokenized stocks, treasury bond yields, private credit, commodities and money markets. Relying on one of the largest community-owned treasuries in the industry, Mantle combines credibility, deep liquidity and institutional infrastructure to support the development of real-world finance on the chain.

About the Global Dollar Network

The Global Dollar Network is the fastest growing stablecoin network in the world and has unparalleled economic upside potential. Driven by Paxos Digital Singapore and Paxos Issue Europe, the network provides a transparent and fair economic model that rewards partners for their contributions. Partners with the Global Dollar Network include industry leaders such as Bullish, Kraken, Mastercard, OKX, Paxos, Robinhood, and Worldpay.

USDG in the EU

Paxos releases USDG in the EU through Paxos Issue Europe OY ("PIE"). USDG can be redeemed for U.S. dollars at any time from Paxos on a one-to-one ratio. All USDG token holders in the European Union have the right to redeem USDG from the PIE at face value at any time.