Solana treasury company DeFi Development joins the stablecoin network Global Dollar Network

ChainCatcher news, according to Globe Newswire, the U.S. listed Solana treasury company DeFi Development Corp. (NASDAQ: DFDV) announced its joining of the Global Dollar Network (GDN) to expand the access and application of the USDG stablecoin.

USDG is issued by Paxos Digital Singapore and Paxos Issuance Europe, anchored to U.S. dollar reserves, and has been launched on the Solana, Ink, and Ethereum networks.

Through this collaboration, DeFi Development Corp. will gain API integration and distribution rights for USDG, participate in the governance of the GDN network advisory committee, and enjoy incentives related to the custody, minting, and use of USDG.

The company's CEO Joseph Onorati stated that this move will promote the adoption of USDG within the Solana ecosystem and further enhance its treasury strategy based on SOL.