A leading global cryptocurrency exchange has officially joined the Gate Global Dollar Network (GDN), a network designed to accelerate the widespread global adoption of stablecoins and build an open financial infrastructure ecosystem. As one of the first Tier 1 partners, Gate has integrated USDG (a USD-pegged stablecoin), providing its 34 million users with a convenient stablecoin experience. This move goes beyond the introduction of a single stablecoin and demonstrates Gate's strategic commitment to expanding into the PayFi space.

USDG is now available on the Gate platform, supporting multiple blockchain networks including Ethereum, Solana, and Ink. Issued by Paxos Digital Singapore, this stablecoin is backed 1:1 by US dollars or its equivalent in highly liquid assets and regulated by the Monetary Authority of Singapore (MAS) with a Major Payment Institution license. USDG is also issued by Paxos Issuance Europe, regulated by the Finnish Financial Supervisory Authority (FIN-FSA) and compliant with the EU's Markets in Crypto-Assets Directive (MiCA). Gate, committed to promoting compliance and financial transparency, furthers its mission of promoting financial inclusion and building a bridge between centralization and decentralization by integrating USDG. This move will also lay a solid foundation for Gate to achieve seamless cross-border payments and build a more resilient global PayFi economy.

Dr. Han, Founder and CEO of Gate, said: "This collaboration fully demonstrates Gate's continued investment in compliance innovation and digital asset infrastructure. USDG will become a key force driving the next generation of global payments, transactions, and PayFi applications. Going forward, we will further deepen our integration and collaboration with USDG within the Gate ecosystem."

Nick Robnett, Head of Crypto Business Development at Paxos, said on behalf of the Global Dollar Network: "We are delighted to welcome Gate to the Global Dollar Network. As one of the world's leading trading platforms, Gate's addition will further strengthen our shared goal of driving global adoption of secure and trusted stablecoins and providing transparent, efficient, and 24/7 financial services to users around the world."

The Global Dollar Network is one of the fastest-growing stablecoin networks in the world. It employs a sustainable economic model that incentivizes partners and distributes revenue based on contribution. Compared to traditional stablecoins, the network prioritizes incentives for ecosystem collaboration and large-scale adoption.

With the rapid evolution of the stablecoin ecosystem, market demand for innovative products is growing. USDG, with its high stability, has become one of the most trusted stablecoins globally. Gate will continue to collaborate with industry leaders to promote the widespread adoption of stablecoins and usher in a more open and efficient era of global crypto payments.

About Gate

Founded in 2013 by Dr. Han, Gate is one of the world's leading cryptocurrency trading platforms. It serves over 34 million users and supports trading of over 3,600 crypto assets. As an industry leader, Gate was the first to achieve 100% Proof of Reserves, and its ecosystem includes diverse services such as Gate Wallet and Gate Ventures.

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About Global Dollar Network

The Global Dollar Network is one of the fastest-growing stablecoin networks in the world, with significant economic growth potential. The network is powered by USDG, a stablecoin pegged to the US dollar. USDG is issued by Paxos Digital Singapore and Paxos Issuance Europe, respectively, and is regulated by the Monetary Authority of Singapore (MAS) and the Finnish Financial Supervisory Authority (FIN-FSA). The Global Dollar Network has established an open, transparent, and equitable economic model that incentivizes and distributes profits based on the contributions of its partners, fostering collaboration and adoption within the stablecoin ecosystem. Current partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, and Worldpay. USDG is currently supported on blockchain networks such as Solana, Ink, and Ethereum.

Disclaimer

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