Galaxy Digital, Paxos and 7 other project parties have collaborated to launch the stablecoin network Global Dollar Network

ChainCatcher news, Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have collaborated to launch a new stablecoin network called the Global Dollar Network. This network aims to accelerate the adoption of stablecoins globally and incentivize new use cases for the stablecoin USDG.

Previous news, blockchain infrastructure company Paxos announced the launch of the Singapore-compliant stablecoin Global Dollar (USDG), which is managed by DBS Bank for its USD reserves.