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Paxos Unveils USDG Stablecoin Backed by USD Reserves with DBS Bank Partnership

Paxos Unveils USDG Stablecoin Backed by USD Reserves with DBS Bank Partnership

Paxos has officially launched USDG, a stablecoin compliant with Singapore's regulatory standards. This initiative comes through a strategic partnership with DBS Bank, ensuring US dollar reserves that align with the Monetary Authority of Singapore (MAS) framework. The introduction of USDG marks a significant development in the stablecoin landscape, offering a secure digital currency option for investors and businesses alike.