Paxos and DBS Bank launch USDG, a USD-backed stablecoin compliant with Singapore's regulations.

Paxos has introduced a new USD-backed stablecoin called USDG in partnership with DBS Bank in Singapore. This stablecoin is designed to comply with local regulatory standards, aiming to enhance digital currency offerings in the region. The launch reflects a growing trend of collaboration between financial institutions and blockchain technology to create secure and compliant digital assets.

November 01, 2024
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