USDG
Coverage of USDG in the Nexus archive.
- Exclusive: Visa launches new platform to provide stablecoin services to more than 200 million merchants
Visa launched the Visa Stablecoin Platform to enable banks and fintechs to integrate stablecoins into existing payment workflows, targeting 200 million merchants. The platform supports OUSD from Open Standard and complements existing stablecoins like USDC and USDG, with competitors like Mastercard and American Express also partnering with Open Standard.
- Paxos-issued Global Dollar Network $USDG Crossed $3B In Supply Earlier This Week
Paxos-issued Global Dollar Network $USDG has crossed $3B in supply and reached a market cap of over $3B, with nearly $700M deployed on Solana. The USDe market cap on Solana increased 20x in one day. This growth indicates significant adoption and investment in USDG.
- Solana's payment velocity continues to grow
Solana processed over $171 billion in peer-to-peer stablecoin volume across USDC, USDT, PYUSD, and USDG through 10.94 million transactions in April, signaling a rise in payment velocity. This marks the highest transaction count on record for Solana. The growth indicates an increase in payment activity on the platform.