USDGStablecoinPayment Stablecoin
SingaporeSelf-reported
SingaporeSelf-reportedGlobal Dollar
Paxos Trust Company· New York, United States
- Circulating supply
- $985.8M
- 17D change
- +2.3%
- Yield
- None
- NAV
- 1.0000
- Expense ratio
- 0.00%
- Minimum
- $0
- Redemption
- Intraday
- Launched
- 04 Nov 2024
Field coverage 96%Primary-source or on-chain verified 33% of tracked metrics2/2 source documents analyst-verifiedLast reconciled 01 Oct 2026
Overview
What this product is
Issued from Singapore under the MAS single-currency stablecoin framework, and structured to share reserve yield with the distribution partners that hold balances rather than retaining it at the issuer. That inverts the economics of the incumbent dollar tokens and is the clearest live test of whether distribution or brand wins in stablecoins.
- Underlying asset
- US Treasury bills, overnight repurchase agreements and bank deposits
- Asset class
- Stablecoin
- Product structure
- Payment Stablecoin
- Legal structure
- MAS Single-Currency Stablecoin
- Issuer jurisdiction
- Singapore
- Fund domicile
- Singapore
- Base currency
- USD
- Launched
- 04 Nov 2024
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
| USDC | 0.00% | 0.00% | $0 | $66.02B |
| PYUSD | 0.00% | 0.00% | $0 | $2.74B |
| USDGthis product | 0.00% | 0.00% | $0 | $985.8M |
Issuer
Who runs it
Paxos Trust CompanyNew York, United States
New York-chartered trust company issuing stablecoins and commodity-backed tokens under state banking supervision, and running white-label issuance for third-party brands.
Portfolio
Composition
- US Treasury bills71.9%
- Overnight reverse repurchase agreements19.4%
- Cash at regulated banks8.7%