PANews reported on July 31 that the stablecoin issuer Paxos announced on the X platform today that Visa will support USDG and PYUSD issued by Paxos in its stablecoin Settlement services.

Odaily News Stablecoin payment company Rain has partnered with Toku to launch a stablecoin payroll system for global employers, enabling instant cross-border payments. The platform supports stablecoins such as USDC, RLUSD, and USDG, and plans to add more stablecoins based on demand and Compliance. The related services are integrated with existing payroll systems, aiming to modernize payroll processes by leveraging Blockchain technology. (CoinDesk)

Odaily News Paxos strategic director Walter Hessert stated that the demand for stablecoin infrastructure has seen a significant rise overall, and companies like Mastercard have recognized the need for stablecoins. This credit card giant is leveraging the power of its global franchise to support the growing regulated stablecoin portfolio from issuers around the world. Additionally, the Global Dollar Network is promoting the adoption of stablecoins through USDG, providing some companies with opportunities for "shared ownership and shared economy" and helping businesses find product-market fit. (Blockworks)

According to ChainCatcher news and a report by Fortune, Mastercard has announced its participation in the stablecoin alliance Global Dollar Network initiated by institutions such as Paxos, allowing for the joint minting and sharing of interest revenue from the stablecoin USDG, which is pegged to U.S. Treasury bonds. At the same time, Mastercard will also support PayPal's PYUSD and Fiserv's FIUSD stablecoins and integrate them into Mastercard.

Odaily News Global Dollar Network announced that Global Dollar (USDG) is now available on the Ink Blockchain. USDG is a US dollar-pegged single-currency stablecoin issued by Paxos, which was previously available on the Solana Blockchain and maintained Ethereum compatibility. (PRNewswire)

According to Gate.io News bot, as reported by Wu, the Solana ecosystem lending protocol Loopscale announced that it will resume withdrawal functions at 10:00 AM Eastern Time on May 9 (10:00 PM Beijing Time on May 9). The protocol has completed the audit work for the update patch. In the early recovery phase, the protocol imposes a 24-hour withdrawal limit for users: the daily withdrawal limit for SOL deposit users is 2500 SOL, for USDC and USDG users it is 500000 USDC/USDG, and for jitoSOL users it is 500 jitoSOL. Previously, Loopscale suffered a hacking attack, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen. After negotiations with the hacker, all stolen funds have been recovered.

Golden Finance reported that Stable Coin USDG is now available on the Solana blockchain to expand accessibility and utility, while USDG also disclosed new partners such as alfred, Caliza, Noah, RAIN, and Sling Money.

Golden Finance reported that Paxos, the issuer of stablecoin, has released its second USDG attestation report, which discloses that the number of USDG tokens held in the ETH blockchain contract as of November 29, 2024, Singapore time, has increased to 29,386,864, an increase of 18,636,724 since the end of October. The fair value of the redeemed assets is at least equal to or greater than $29,467,869, and the number of USDG tokens does not exceed the redemption asset balance in the report. In addition, the news, USDG is Paxos and DBS

Odaily Planet Daily News Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos stablecoin issuance outside the United States. Paxos has issued Lift Dollar (USDL) (Market Cap $54 million) in Abu Dhabi and Global Dollar (USDG) (Market Cap $29 million) in Singapore. In addition, Paxos has also issued Paypal USD

Paxos has released its first USDG attestation report, disclosing that as of 5 pm on October 31, 2024, the number of tokens held in the USDG contract on the ETH network is 10,750,140, and the fair value of the redeemed assets is at least equal to or greater than 10,750,140 USD. USDG is a Singapore Compliance stablecoin launched by Paxos in cooperation with Standard Chartered Bank.