Paxos' USDG stablecoin hits $929M in DeFi depos...
Paxos' USDG stablecoin has reached $929.2 million in deposits across DeFi platforms since its November 2024 launch, with total circulation surpassing $3 billion. Roughly one-third of its circulation is actively used in lending and liquidity pools to generate yield. The stablecoin is regulated by Singapore's Monetary Authority, backed 1:1 by US dollars and liquid assets, and features a revenue-sharing model benefiting network partners.
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