Yigit Taha OZTURK 
Paxos has launched a new USD-backed stablecoin, USDG, in partnership with Singapore’s largest bank, DBS. This stablecoin has received full regulatory approval from the Monetary Authority of Singapore (MAS), marking a significant step forward in the digital assets sector. USDG will utilize DBS’s infrastructure for cash management and to ensure the security of reserves.
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USDG will benefit from DBS’s services in cash management and custody of reserves. Paxos’s strategy with this stablecoin is to integrate into a broader digital asset ecosystem. This launch signifies the company’s expansion into its third international market, establishing a presence in Singapore following the U.S. and the United Arab Emirates.
This move aligns with Paxos‘s effort to democratize access to digital financial services. DBS aims to support this process by providing a reliable and robust financial infrastructure.
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