Gate Joins Global Dollar Network as a First-Tier Partner, Leading Stablecoin Adoption
Gate, a leading global crypto exchange, announced its official participation in Global Dollar Network (GDN), an open network designed to accelerate stablecoin adoption worldwide. Gate has integrated support for USDG, the US dollar-pegged stablecoin, making it accessible to its 34 million users. Gate's entry into Global Dollar Network alliance represents more than just the adoption of a single stablecoin; it signals a broader strategic commitment to exploring new frontiers in PayFi.
USDG is now available to Gate's global user base across Ethereum, Solana, and Ink blockchains. Fully backed 1:1 with U.S. dollars or equivalent liquid assets, USDG is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. It is also issued b...