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BREAKING: Singapore Unveils ‘Global Dollar’ Stablecoin – Because One More Isn’t Enough

A futuristic cityscape with a giant dollar sign hovering above it, surrounded by swirling lines of code and blockchain elements in the background. A DBS Bank logo is subtly integrated into one of the skyscrapers.

Singapore’s got a new kid on the block – Global Dollar, or USDG for those in the know…and I’m not really sure why they bothered. It’s just another stablecoin trying to make a name for itself in this wild west of cryptocurrency.

Source: cointelegraph

Regulated blockchain infrastructure company Paxos introduced Global Dollar (USDG), a Singapore-compliant stablecoin whose United States dollar backings are reserved and managed by DBS Bank. On Oct. 31, Paxos announced the launch of its second localized stablecoin offering, USDG, in Singapore five months after establishing the United Arab Emirates-regulated interest-bearing Lift Dollar (USDL) stablecoin. Source: Paxos Paxos Digital Singapore, the Singapore wing of Paxos, gained approval for USDG in July from […]

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