Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    U.S. Bitcoin Strategic Reserve Bill Moves Forward as Congress Meets Industry Leaders
    NewsBitcoinCryptoMarket

    U.S. Bitcoin Strategic Reserve Bill Moves Forward as Congress Meets Industry Leaders

    According to latest reports, after the GENIUS Act and more pro-crypto legislation,…

    By
    Jane Omada Apeh
    September 16, 2025
    France Challenges EU MiCA Licenses Amid Malta Oversight Concerns
    NewsCryptoMarket
    France Challenges EU MiCA Licenses Amid Malta Oversight Concerns
    September 16, 2025
    Michael Saylor and Fred Thiel Back BITCOIN Act Push for US Bitcoin Reserve
    NewsBitcoinCryptoMarket
    Michael Saylor and Fred Thiel Back BITCOIN Act Push for US Bitcoin Reserve
    September 16, 2025
    Gemini and SEC Settlement
    NewsCryptoMarket
    Gemini and SEC Settlement Nears Final Stage Over Crypto Lending Dispute
    September 16, 2025
    Bitcoin ETFs Pull $2.34B, Ethereum ETFs Add $638M in Biggest Weekly Flows Yet
    NewsBitcoinCryptoMarket
    Bitcoin ETFs Pull $2.34B, Ethereum ETFs Add $638M in Biggest Weekly Flows Yet
    September 16, 2025
  • Cryptocurrency
    U.S. Bitcoin Strategic Reserve Bill Moves Forward as Congress Meets Industry Leaders
    U.S. Bitcoin Strategic Reserve Bill Moves Forward as Congress Meets Industry Leaders
    8 Min Read
    France Challenges EU MiCA Licenses Amid Malta Oversight Concerns
    France Challenges EU MiCA Licenses Amid Malta Oversight Concerns
    8 Min Read
    Michael Saylor and Fred Thiel Back BITCOIN Act Push for US Bitcoin Reserve
    Michael Saylor and Fred Thiel Back BITCOIN Act Push for US Bitcoin Reserve
    7 Min Read
    Gemini and SEC Settlement
    Gemini and SEC Settlement Nears Final Stage Over Crypto Lending Dispute
    6 Min Read
    Bitcoin ETFs Pull $2.34B, Ethereum ETFs Add $638M in Biggest Weekly Flows Yet
    Bitcoin ETFs Pull $2.34B, Ethereum ETFs Add $638M in Biggest Weekly Flows Yet
    7 Min Read
    image 265
    Don’t Let Bulls Go: MoonBull Roars Ahead As the Best New Upcoming Crypto With $15K Up for Grabs While Cheems And Fartcoin Sizzle
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: DBS Bank-Backed Paxos Launches New Stablecoin in Singapore
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > DBS Bank-Backed Paxos Launches New Stablecoin in Singapore
News

DBS Bank-Backed Paxos Launches New Stablecoin in Singapore

representing the launch of the Global Dollar USDG stablecoin by Paxos backed by DBS Bank. The scene features the
Alessia Moretti
Last updated: November 1, 2024 1:44 pm
By
Alessia Moretti
Published November 1, 2024
2 Min Read
Share

Paxos, a U.S.-based blockchain infrastructure and tokenization platform, has launched a new stablecoin, Global Dollar (USDG), in Singapore. USDG, developed in compliance with the Monetary Authority of Singapore (MAS) regulations, is backed by U.S. dollar reserves and managed by Paxos Digital Singapore. This stablecoin aims to provide users with a reliable 1:1 dollar-pegged crypto asset, with reserves safeguarded by Southeast Asia’s largest financial institution, DBS Bank.

Contents
  • USDG Offers High Standards of Financial Security
  • Expanding Paxos’ Regulated Crypto Portfolio

USDG Offers High Standards of Financial Security

The reserve structure supporting USDG includes only U.S. dollar deposits, short-term U.S. Treasury bonds, and cash-equivalent assets, ensuring users can redeem USDG for fiat currency at any time. To facilitate USDG’s global distribution, Paxos Global will collaborate with crypto exchanges, digital wallets, and financial platforms.

Paxos Product Manager Ronak Daya emphasized that USDG is poised to accelerate global institutional adoption. Daya highlighted that the partnership with DBS Bank aligns with Paxos’ mission to provide a secure and regulated stablecoin solution. Currently based on Ethereum, USDG is expected to expand to additional blockchain networks over time.

Paxos Global Dollar USDG

Expanding Paxos’ Regulated Crypto Portfolio

USDG marks Paxos’ sixth crypto asset and is the first stablecoin launched in Singapore. Paxos also manages other regulated assets like Pax Dollar (USDP) and PayPal USD (PYUSD) in the U.S., along with Lift Dollar (USDL) in Abu Dhabi. Through these offerings, Paxos aims to reshape traditional financial structures with innovative blockchain solutions.

DBS Bank, as the main banking partner, will ensure USDG’s cash management and reserve security, adding an extra layer of reliability. With DBS Bank’s role in regulatory compliance and safety, users can be confident that USDG tokens are fully backed by real dollars.

Paxos’ blockchain solutions are trusted by industry leaders such as PayPal, Interactive Brokers, and Mastercard. Backed by prominent investors and with over $540 million in total funding, Paxos continues its mission to drive growth in the crypto sector.

Paxos, USDG, DBS Bank, blockchain, stablecoin

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Mantle Price Prediction: Will It Break New Records by 2030?

XRP’s Price Surge: Major Fee Adjustment Could Trigger 2000% Growth

5,000 Investors Misled? SEC Charges Unicoin Over $100M Scheme

Trump Coin Mania: How a Single Rumor Sparked a $155M Crypto Boom

Crypto Market Eyes Fed’s Aggressive Rate Cut: Possibility Grows Stronger Every Day!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article decentralized vpn qubetics The Innovation Race: Which Blockchain Will Lead the Web3 Era?
Next Article focused on the headline Get Ready Analyst Sets Year End Targets for Bitcoin and Ethereum. The design features l Get Ready! Top Analyst Reveals Year-End Targets for Bitcoin and Ethereum
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)