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 operating under dual regulatory oversight from MAS and EU MiCA framework.

The big picture

Mantle's integration of USDG positions it as a key player in the institutional-grade stablecoin space, aligning with broader trends of regulated stablecoin adoption and the tokenization of real-world assets. The move underscores the growing demand for compliant financial infrastructure in decentralized finance, particularly as traditional financial institutions seek to participate in on-chain markets. With USDG's $3.5 billion circulation and Mantle's expanding RWA offerings, the partnership could accelerate the convergence of traditional finance and blockchain technology.

What we're watching

Regulatory Compliance: How Mantle's integration of USDG, with its dual regulatory oversight, will influence institutional adoption of stablecoins on the network.
Network Growth: Whether Mantle can sustain the rapid growth in stablecoin and RWA TVL as it onboards more institutional-grade assets.
Economic Upside: The pace at which Mantle can capitalize on the reward-sharing structure of the Global Dollar Network to drive further adoption.