STABLECOIN / USD
USDG
Global Dollar, issued by Paxos Digital Singapore. Fiat-backed.
Supply snapshot: 2026-09-14. API captured 2026-09-14 12:10:59 UTC. Price-update time is not supplied by the provider. Selected document fields reviewed 2026-09-12; other fields need review.
OVERVIEW
What is USDG?
Global Dollar (USDG) is a USD-denominated fiat-backed stablecoin associated with Paxos Digital Singapore. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
ISSUER / OPERATORPaxos Digital Singapore
BACKING MODELCash + cash equivalents
REDEMPTION ROUTEDirect via Paxos
DOCUMENT REVIEW / 2026-09-12
What the sources establish.
Read the accountant and standard on the actual report
Paxos identifies KPMG for USDG attestations posted from 27 February 2026 under Singapore accounting standards. Earlier reports used Enrome. A shared issuer brand does not mean USDG and PYUSD reports have identical scope or reporting standards. This review does not certify current reserve amounts.
Read the source ↗01 / ISSUER & STRUCTURE
What supports the unit.
- ISSUER
- Paxos Digital Singapore Not field-reviewed
- UNIT
- USD Not field-reviewed
- ISSUANCE MODEL
- Fiat-backed Not field-reviewed
- RESERVE / COLLATERAL
- Cash + cash equivalents Not field-reviewed
- YIELD PROFILE
- No; partner rewards Not field-reviewed
- REGULATORY POSTURE
- MAS supervised Not field-reviewed
- REDEMPTION
- Direct via Paxos Not field-reviewed
02 / INTERPRETATION
How to read this record.
Only fields with their own dated source link were checked in the latest document review. Other descriptions remain historical reference material, even when a general source link is available.
Market cap is estimated as dated token supply multiplied by the USD price captured from the API. The two inputs are not guaranteed to be simultaneous. Supply change compares exact 30-day history points in token units, not dollar value or investment return. Network counts include tracked bridges.
03 / QUESTIONS
Common questions about USDG.
What is USDG?
Global Dollar (USDG) is a USD-denominated fiat-backed stablecoin associated with Paxos Digital Singapore. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
Who issues USDG?
The Stablrcoin record identifies Paxos Digital Singapore as the issuer, operator or governing organization associated with Global Dollar. The exact legal role can differ between company-issued tokens and decentralized protocols, so the linked primary source remains authoritative.
What backs USDG?
The directory describes the reserve or collateral model as Cash + cash equivalents. That field has not been individually verified in the latest document review and should be treated as a research lead.
Can USDG be redeemed?
The recorded redemption route is: Direct via Paxos. The route has not been individually verified in the latest document review. Eligibility, minimums, settlement windows and fees can still depend on the issuer, account type and jurisdiction.
Does USDG pay yield?
The listed yield profile is No; partner rewards. Yield from a separate wrapper, savings product or protocol position is not the same as yield built into the stablecoin itself and can introduce additional risks.