Key facts
- Mantle has integrated Paxos-issued USDG as a natively minted stablecoin.
Ethereum layer-2 network Mantle has launched Paxos-issued USDG as a natively minted stablecoin and joined the Global Dollar Network's reward-sharing structure. This integration makes USDG one of the first stablecoins natively minted on Mantle.
The integration of USDG on Mantle expands stablecoin options within the layer-2 ecosystem and enhances Mantle's participation in a broader network's financial incentives, potentially driving further DeFi and institutional adoption.
The Ethereum layer-2 network Mantle has launched Paxos-issued USDG as a natively minted stablecoin, simultaneously joining the Global Dollar Network's reward-sharing structure. This integration positions USDG as one of the first stablecoins to be natively minted on Mantle.
Through this partnership, Mantle gains access to a share of the rewards generated by USDG activity, aligning with over 150 existing partners such as Kraken and Robinhood. USDG, with a market capitalization of approximately $3.18 billion, ranks as the seventh-largest stablecoin according to DefiLlama.
Mantle already supports other stablecoins like Agora's AUSD, Ethena's USDe, and Tether's USDT0. The network plans to utilize USDG across its ecosystem for decentralized finance (DeFi) applications and institutional capital allocation. Mantle has also recently experienced growth in tokenized real-world assets (RWA), with its distributed RWA value reaching $234.2 million as of Wednesday, a 19% increase in the past 30 days.