USDG stablecoin has passed the $3B mark this week.
The stablecoin issued by Paxos and a core tenet of the Global Dollar network has added around 700M+ in supply over the last 5 days per DefiLlama. USDG stablecoin occupies a $3.2B market cap across 5 networks including Ethereum, Solana, X Layer, Ink and Hyperliquid.
In the second week of May there was a pretty big change as USDG supply spiked from around 2.5B.
Particularly, the stablecoin saw more issuance and volumes occur on Solana (84%) than the other networks, jumping to 3.4B around the 12th May before slightly coming down at the end of the week.
Framing itself as the white-label enterprise stablecoin, more global partners are expected to be joining Global Dollar to get a share of the stablecoin economics for their specific brand.
