Solana Treasury DeFi Development Joins Stablecoin Network Global Dollar Network

Solana DeFi Development Corp. (NASDAQ: DFDV), a US-listed treasury company, has announced its joining the Global Dollar Network (GDN) to expand access and adoption of the USDG stablecoin. USDG, issued by Paxos Digital Singapore and Paxos Issuance Europe and backed by US dollar reserves, is available on the Solana, Ink, and Ethereum networks.

Through this partnership, DeFi Development Corp. will gain access to USDG API integration and distribution, participate in the GDN Network Advisory Committee, and receive incentives related to USDG custody, minting, and usage. CEO Joseph Onorati stated that this move will drive USDG adoption within the Solana ecosystem and further enhance its Solana-based treasury strategy. (Globe Newswire)