Make a card

Robinhood Chain

What USDG is

USDG is Global Dollar, a stablecoin issued by Paxos. One USDG is meant to be worth one US dollar and can be redeemed for one through Paxos.

Published · Updated

Make a group cardNotes and money, in one link.

USDG
Global Dollar, a US dollar stablecoin.
Issuer
Paxos Digital Singapore, and Paxos Issuance Europe in the EU.
Global Dollar Network
The group of firms that use and hand out USDG.

Who issues it

Paxos Digital Singapore issues USDG under the Monetary Authority of Singapore.

In the EU it comes from Paxos Issuance Europe, under Finland's regulator and MiCA, since 1 July 2025.

Source: Global Dollar.

Which chains it is on

  • Ethereum.
  • Solana.
  • Robinhood Chain.
  • Ink.
  • Mantle.
  • X Layer.

USDG and Robinhood

Robinhood was a founding member of the Global Dollar Network in November 2024, with Paxos, Kraken, Galaxy and others.

USDG is the main dollar on Robinhood Chain.

How big it is

About $3.1 billion of USDG existed on 1 October 2026, across every chain, by DefiLlama's count.

Source: DefiLlama, stablecoins.

What can go wrong

  • A stablecoin can slip below a dollar in a panic.
  • The issuer can freeze an address.
  • Sending it on the wrong chain can lose it.

USDG in a card

tbfcrypto's group card on Robinhood Chain takes USDG. What each person chips in goes to the wallet of the person it is for.

The front of the card

For Ola · Leaving the team · 24 October

Collection pot16 people chipped in 610 USDG

  • Four years of shipping on Fridays. We will miss you.

    Chen

  • A dollar is a dollar. You were worth more.

    0xjude

  • Come back for the Christmas party. 🎄

    Tara

Robinhood Chain

An example card. The names are made up.

Questions

What is USDG?

Global Dollar, a US dollar stablecoin issued by Paxos.

Who issues USDG?

Paxos Digital Singapore, and Paxos Issuance Europe in the EU.

Is USDG regulated?

Yes. By the Monetary Authority of Singapore, and in the EU by Finland's regulator under MiCA.

Is USDG Robinhood's coin?

No. Paxos issues it. Robinhood is a founding member of the Global Dollar Network.

Can USDG lose its dollar value?

Any stablecoin can slip. It is backed by reserves and redeemable through Paxos.

On 1 October 2026 we read USDG's contract on Robinhood Chain. It held 690.5 million USDG on that chain alone.

More guides