Mantle Integrates Paxos' USDG, Joins Global Dollar Network with $3.5B Circulation — Mantle Network

Event summary

Mantle has integrated Paxos' USDG stablecoin, becoming a Network Partner in the Global Dollar Network (GDN).
USDG circulation has surpassed $3.5 billion across over 150 partners, including Robinhood and Kraken.
Mantle's stablecoin TVL crossed $982 million, with RWA TVL growing from $22 million to $240 million over the past year.
USDG is one of the few stablecoins with dual regulatory oversight from Singapore's MAS and the EU's MiCA framework.

The big picture

Mantle's integration of USDG positions it as a key player in the regulated stablecoin space, aligning with the broader trend of institutional capital seeking on-chain solutions. The move underscores the growing demand for compliant financial rails in decentralized finance, particularly as traditional assets increasingly migrate on-chain. With over $3.5 billion in USDG circulation and 150+ partners, Mantle is strategically expanding its institutional-grade asset offerings, reinforcing its role as a bridge between traditional finance and blockchain infrastructure.

What we're watching

Regulatory Compliance: Whether USDG's dual regulatory oversight will accelerate institutional adoption of Mantle's platform.
Network Growth: The pace at which Mantle can onboard additional institutional-grade assets and partners within the GDN.
Economic Incentives: How Mantle's participation in GDN's reward-sharing structure will impact its competitive positioning.